Newbridge Financial Services Group Inc. Invests $916,000 in ARK Fintech Innovation ETF $ARKF

Newbridge Financial Services Group Inc. bought a new stake in ARK Fintech Innovation ETF (NYSEARCA:ARKF) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,232 shares of the company’s stock, valued at approximately $916,000.

A number of other institutional investors also recently added to or reduced their stakes in ARKF. Corient Private Wealth LLC acquired a new position in shares of ARK Fintech Innovation ETF in the 2nd quarter worth approximately $226,000. Byrne Financial Freedom LLC grew its position in ARK Fintech Innovation ETF by 1.9% in the second quarter. Byrne Financial Freedom LLC now owns 146,819 shares of the company’s stock valued at $7,376,000 after acquiring an additional 2,757 shares during the period. Raymond James Financial Inc. raised its stake in ARK Fintech Innovation ETF by 24.4% during the second quarter. Raymond James Financial Inc. now owns 106,387 shares of the company’s stock worth $5,345,000 after acquiring an additional 20,900 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in ARK Fintech Innovation ETF during the second quarter worth $41,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of ARK Fintech Innovation ETF by 7,760.0% during the second quarter. NewEdge Advisors LLC now owns 15,720 shares of the company’s stock valued at $790,000 after acquiring an additional 15,520 shares during the period.

ARK Fintech Innovation ETF Stock Performance

Shares of NYSEARCA:ARKF opened at $49.49 on Friday. The company has a market capitalization of $1.12 billion, a PE ratio of 36.31 and a beta of 1.94. The company’s fifty day moving average is $52.65 and its 200-day moving average is $51.98. ARK Fintech Innovation ETF has a 52 week low of $27.70 and a 52 week high of $59.20.

About ARK Fintech Innovation ETF

The ARK Fintech Innovation ETF (ARKF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of stocks related to financial technology innovation. ARKF was launched on Feb 4, 2019 and is managed by ARK.