31% of the Ark Fintech Innovation ETF Is Invested in Just 4 Stocks
From Nasdaq: 2024-06-05 05:42:00
The ARK Fintech Innovation ETF has outperformed ARK Innovation ETF, Nasdaq Composite index, and S&P 500 since the start of 2023. Holdings include Coinbase, Shopify, Block, and Robinhood. Coinbase, offering cryptocurrency exchange services, experienced strong revenue growth in 2021. Shopify provides a platform for e-commerce and has seen stellar revenue growth over the past five years. Block offers financial services and peer-to-peer payments through its Cash App. Robinhood aims to democratize investing and is seeking growth through subscription services and retirement accounts.
Read more at Nasdaq: 31% of the Ark Fintech Innovation ETF Is Invested in Just 4 Stocks