Morning Trade for April 15th 2021

Investors were optimistic this morning in early trading as stocks ticked upward.  The market has been grinding higher to reach new records in recent sessions amid the economic reopening and trillions of dollars in stimulus.  The S&P 500 has gained nearly 10% in 2021 with energy and financials being the top performing sectors.  

The hottest niche within the financials sector is Fintech.  Fintech companies are the bridge that allows most of the general public access to cryptocurrencies.  They are also key players in this current age of digital finance.  Whatever way you cut it, the fintech industry is becoming more essential and is clearly here to stay.

Even after the growth of the cashless payments space in recent years, the majority of payment transactions around the world are still done in cash.  The potential of fintech is pretty irresistible.  

Whenever you have a high-growth and relatively young industry, it can seem intimidating to try to choose one or two stocks to invest in.  An alternative that lets you profit from the fintech boom without having to pick individual stocks is an ETF.



In today’s trade we’ll take a look at Cathie Woods’ ARK Fintech Innovation  ETF (ARKF), an excellent choice for long term investors who want exposure to companies with excellent growth potential, without the risk of choosing just one or two companies.

ARK Fintech Innovation ETF (ARKF)

Cathie Wood’s ARKF is an actively-managed ETF that follows the theme of Innovation in Financial Technology, which the issuer defines as “the introduction of a technologically enabled new product or service that potentially changes the way the financial sector works.”  Some examples of such applications are transaction innovations, blockchain technology, risk transformation, frictionless funding platforms, customer facing platforms, and new intermediaries.  For this specialized active exposure ARKF charges a fee on the higher side.

The investment seeks long-term growth of capital. The fund is an actively-managed ETF that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the fund’s investment theme of Fintech innovation.  A company is deemed to be engaged in the theme of Fintech innovation if (i) it derives a significant portion of its revenue or market value from the theme of Fintech innovation, or (ii) it has stated its primary business to be in products and services focused on the theme of Fintech innovation.  The fund is non-diversified.

Overall this is a great ARK fund to buy if you want some of those legendary Cathie Wood gains but aren’t ready for a rollercoaster ride of volatility.   

  • Weighted Average Market Cap    $213.02B
  • Price/ Earnings Ratio                    150.75
  • Price/ Book Ratio                          8.81
  • 52-week Performance                  +151.27%
  • YTD Daily Total Return                 `10.90%
  • Yield                                              0.34%
  • Expense Ratio (net)                      0.75%
  • Net Assets                                    4.43B
  • Number of Holdings                      44
  • Top Holdings                                Square (SQ), Silvergate Capital (SI), Paypal (PYPL)

Where to invest $1,000 right now...

Before you consider buying ARK Fintech Innovation ETF, you'll want to see this.

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And it's not ARK Fintech Innovation ETF.

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You can learn all about it on Mr. Tilson's Website, here.

Wondering what stock he's investing in?

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