Jaffetilchin Investment Partners LLC Has $374,000 Stock Position in ARK Next Generation Internet ETF $ARKW

Jaffetilchin Investment Partners LLC cut its stake in ARK Next Generation Internet ETF (BATS:ARKW) by 72.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,533 shares of the company’s stock after selling 6,797 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in ARK Next Generation Internet ETF were worth $374,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gradient Investments LLC boosted its stake in shares of ARK Next Generation Internet ETF by 20.3% in the 3rd quarter. Gradient Investments LLC now owns 165,616 shares of the company’s stock valued at $28,918,000 after purchasing an additional 27,992 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of ARK Next Generation Internet ETF by 13.4% during the second quarter. Osaic Holdings Inc. now owns 63,826 shares of the company’s stock worth $9,427,000 after buying an additional 7,553 shares during the period. CWM LLC raised its stake in ARK Next Generation Internet ETF by 89.0% during the third quarter. CWM LLC now owns 116,733 shares of the company’s stock worth $20,383,000 after buying an additional 54,977 shares during the last quarter. Financial Management Professionals Inc. raised its stake in ARK Next Generation Internet ETF by 2,639.2% during the third quarter. Financial Management Professionals Inc. now owns 11,669 shares of the company’s stock worth $2,038,000 after buying an additional 11,243 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in ARK Next Generation Internet ETF by 3,904.5% in the third quarter. CoreCap Advisors LLC now owns 22,025 shares of the company’s stock valued at $3,846,000 after buying an additional 21,475 shares during the period.

ARK Next Generation Internet ETF Trading Up 0.6%

Shares of ARKW opened at $121.28 on Thursday. The stock has a market capitalization of $1.72 billion, a P/E ratio of 45.71 and a beta of 1.89. The firm’s fifty day simple moving average is $128.33 and its two-hundred day simple moving average is $149.67. ARK Next Generation Internet ETF has a 12 month low of $78.62 and a 12 month high of $183.00.

ARK Next Generation Internet ETF 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. ARKW was launched on Sep 30, 2014 and is issued by ARK.