Sterling Investment Counsel LLC Sells 3,319 Shares of ARK Next Generation Internet ETF $ARKW

Sterling Investment Counsel LLC cut its position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 17.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,556 shares of the company’s stock after selling 3,319 shares during the period. ARK Next Generation Internet ETF accounts for approximately 1.3% of Sterling Investment Counsel LLC’s investment portfolio, making the stock its 15th biggest holding. Sterling Investment Counsel LLC’s holdings in ARK Next Generation Internet ETF were worth $2,296,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ARKW. Wealth Enhancement Advisory Services LLC boosted its holdings in ARK Next Generation Internet ETF by 59.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,177 shares of the company’s stock worth $451,000 after acquiring an additional 1,558 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of ARK Next Generation Internet ETF during the first quarter valued at approximately $38,000. Wealth Management Partners LLC raised its position in shares of ARK Next Generation Internet ETF by 35.1% during the first quarter. Wealth Management Partners LLC now owns 20,333 shares of the company’s stock worth $1,925,000 after purchasing an additional 5,281 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of ARK Next Generation Internet ETF during the first quarter worth approximately $213,000. Finally, DHK Financial Advisors Inc. bought a new position in shares of ARK Next Generation Internet ETF in the 1st quarter worth $436,000.

ARK Next Generation Internet ETF Trading Up 2.0%

Shares of ARKW stock opened at $177.67 on Friday. The firm has a market capitalization of $2.63 billion, a PE ratio of 45.71 and a beta of 1.55. The firm has a fifty day simple moving average of $161.30 and a two-hundred day simple moving average of $133.88. ARK Next Generation Internet ETF has a 12 month low of $78.62 and a 12 month high of $178.20.

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.