Financial Guidance Group Inc. Has $4.17 Million Stock Position in ARK Next Generation Internet ETF $ARKW

Financial Guidance Group Inc. cut its stake in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 6.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,228 shares of the company’s stock after selling 1,885 shares during the period. ARK Next Generation Internet ETF makes up approximately 2.0% of Financial Guidance Group Inc.’s investment portfolio, making the stock its 16th largest holding. Financial Guidance Group Inc.’s holdings in ARK Next Generation Internet ETF were worth $4,167,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its holdings in ARK Next Generation Internet ETF by 1,141.2% during the first quarter. Janney Montgomery Scott LLC now owns 35,312 shares of the company’s stock worth $3,343,000 after buying an additional 32,467 shares during the last quarter. Sterling Investment Counsel LLC raised its position in shares of ARK Next Generation Internet ETF by 16.1% in the 1st quarter. Sterling Investment Counsel LLC now owns 18,875 shares of the company’s stock valued at $1,787,000 after acquiring an additional 2,620 shares during the period. Sovran Advisors LLC bought a new position in ARK Next Generation Internet ETF during the 1st quarter worth approximately $464,000. CWM LLC boosted its stake in ARK Next Generation Internet ETF by 32.1% during the 1st quarter. CWM LLC now owns 58,233 shares of the company’s stock worth $5,513,000 after acquiring an additional 14,135 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its holdings in ARK Next Generation Internet ETF by 10.4% during the first quarter. Wealthfront Advisers LLC now owns 19,912 shares of the company’s stock valued at $1,885,000 after purchasing an additional 1,883 shares during the period.

ARK Next Generation Internet ETF Stock Performance

Shares of NYSEARCA:ARKW opened at $170.79 on Friday. The company has a 50 day moving average price of $165.33 and a two-hundred day moving average price of $139.16. The company has a market capitalization of $2.44 billion, a PE ratio of 45.71 and a beta of 1.55. ARK Next Generation Internet ETF has a 52 week low of $78.62 and a 52 week high of $183.00.

About ARK Next Generation Internet ETF

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.