TLDR:
- Citigroup Inc. sold 21,859 shares of ARK Fintech Innovation ETF (ARKF).
- Several institutional investors and hedge funds have made changes to their holdings in ARKF.
Citigroup Inc. Sells 21,859 Shares of ARK Fintech Innovation ETF
Citigroup Inc. reduced its holdings in ARK Fintech Innovation ETF by 29.6% in the 3rd quarter, selling 21,859 shares. The firm’s remaining holdings were valued at $1,009,000 at the end of the reporting period. Other institutional investors and hedge funds also made adjustments to their stakes in ARKF, with some increasing and others reducing their positions.
ARK Fintech Innovation ETF saw a slight decrease of 0.8% in its stock price, with shares opening at $29.17 on Monday. The fund focuses on investing in stocks related to financial technology innovation and is actively managed by ARK. It was launched in 2019 and has a 12-month low of $16.93 and a high of $30.54.
Overall, Citigroup Inc.’s selling of ARK Fintech Innovation ETF shares, along with adjustments made by other institutional investors, reflects changing trends in the market and investor sentiment towards the fund.
