Commonwealth Equity Services LLC trimmed its position in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW – Free Report) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 132,203 shares of the company’s stock after selling 1,591 shares during the period. Commonwealth Equity Services LLC’s holdings in ARK Next Generation Internet ETF were worth $14,275,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of ARK Next Generation Internet ETF by 1,454.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 373 shares of the company’s stock worth $40,000 after acquiring an additional 349 shares in the last quarter. Crews Bank & Trust purchased a new position in ARK Next Generation Internet ETF in the fourth quarter worth $43,000. Farther Finance Advisors LLC increased its position in shares of ARK Next Generation Internet ETF by 37.4% during the fourth quarter. Farther Finance Advisors LLC now owns 603 shares of the company’s stock worth $65,000 after purchasing an additional 164 shares in the last quarter. Serenus Wealth Advisors LLC purchased a new stake in shares of ARK Next Generation Internet ETF during the 4th quarter valued at $96,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of ARK Next Generation Internet ETF in the 4th quarter worth $128,000.
ARK Next Generation Internet ETF Price Performance
Shares of ARKW stock opened at $97.38 on Tuesday. The stock’s fifty day moving average price is $112.70 and its 200 day moving average price is $102.16. ARK Next Generation Internet ETF has a 1-year low of $64.00 and a 1-year high of $126.12. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 45.55 and a beta of 1.84.
ARK Next Generation Internet ETF Company Profile
The ARK Next Generation Internet ETF (ARKW) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund with a broad mandate to invest in companies its managers have identified as benefiting from an infrastructure shift away from hardware and software toward cloud and mobile.
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