Kestra Advisory Services LLC cut its holdings in ARK Next Generation Internet ETF (BATS:ARKW – Free Report) by 14.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 102,317 shares of the company’s stock after selling 16,774 shares during the period. Kestra Advisory Services LLC’s holdings in ARK Next Generation Internet ETF were worth $16,385,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Curry Webb Wealth Management LLC bought a new stake in shares of ARK Next Generation Internet ETF during the 3rd quarter valued at about $55,000. Cassaday & Co Wealth Management LLC acquired a new stake in ARK Next Generation Internet ETF during the first quarter worth about $61,000. Sequoia Financial Advisors LLC acquired a new stake in ARK Next Generation Internet ETF during the first quarter worth about $203,000. Capital Investment Advisors LLC acquired a new stake in ARK Next Generation Internet ETF during the third quarter worth about $217,000. Finally, NWF Advisory Services Inc. bought a new position in ARK Next Generation Internet ETF in the second quarter worth about $221,000.
ARK Next Generation Internet ETF Price Performance
Shares of BATS ARKW opened at $138.82 on Monday. The firm’s 50-day moving average price is $157.55 and its two-hundred day moving average price is $143.05. ARK Next Generation Internet ETF has a 52-week low of $113.36 and a 52-week high of $168.50. The stock has a market capitalization of $1.55 billion, a P/E ratio of 40.13 and a beta of 1.99.
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. ARKW was launched on Sep 30, 2014 and is issued by ARK.
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Want to see what other hedge funds are holding ARKW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARK Next Generation Internet ETF (BATS:ARKW – Free Report).
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