Stephens Inc. AR lessened its holdings in ARK Web x.0 ETF (NYSEARCA:ARKW) by 12.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 65,531 shares of the company’s stock after selling 9,214 shares during the period. Stephens Inc. AR’s holdings in ARK Web x.0 ETF were worth $3,395,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of ARKW. Cornerstone Wealth Group LLC purchased a new position in shares of ARK Web x.0 ETF during the 1st quarter valued at approximately $11,411,000. Kovack Advisors Inc. raised its stake in ARK Web x.0 ETF by 64.0% in the 4th quarter. Kovack Advisors Inc. now owns 83,780 shares of the company’s stock valued at $3,554,000 after purchasing an additional 32,707 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in ARK Web x.0 ETF by 255.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 30,907 shares of the company’s stock valued at $1,311,000 after purchasing an additional 22,213 shares during the last quarter. Brookstone Capital Management acquired a new position in ARK Web x.0 ETF in the 1st quarter valued at $1,136,000. Finally, LPL Financial LLC raised its stake in ARK Web x.0 ETF by 11.6% in the 4th quarter. LPL Financial LLC now owns 195,698 shares of the company’s stock valued at $8,302,000 after purchasing an additional 20,314 shares during the last quarter.
NYSEARCA ARKW traded up $0.95 during mid-day trading on Tuesday, hitting $51.08. The stock had a trading volume of 677 shares, compared to its average volume of 112,170. ARK Web x.0 ETF has a twelve month low of $40.19 and a twelve month high of $59.98.
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