31% of the Ark Fintech Innovation ETF Is Invested in Just 4 Stocks
It's been a tough few years for investors in the Ark Innovation ETF. Since its value peaked at $158 per share in early 2021, the exchange-traded fund (ETF) is down 73%. However, that is just one of the ETF offerings from Cathie Wood's investment management firm. Another has delivered much better results: the ARK Fintech Innovation ETF (NYSEMKT: ARKF).
Since the start of 2023, the Ark Innovation Fintech ETF jumped in value by 87%, outpacing Wood's flagship ETF, which is up 36% over the same period. It also outpaced the Nasdaq Composite index (up 71%) and the S 500 (up 40%).
The ETF holds several fintech stocks, but there are four that represent the fund's largest positions and together make up almost of third of the portfolio. They are:
Source Fool.com
