Brookstone Capital Management lessened its stake in ARK Next Generation Internet ETF (BATS:ARKW – Free Report) by 15.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 22,686 shares of the company’s stock after selling 4,074 shares during the period. Brookstone Capital Management’s holdings in ARK Next Generation Internet ETF were worth $2,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in ARK Next Generation Internet ETF by 947.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,557,386 shares of the company’s stock worth $230,073,000 after buying an additional 1,408,657 shares during the period. Foundations Investment Advisors LLC lifted its position in ARK Next Generation Internet ETF by 200.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 537,572 shares of the company’s stock worth $79,416,000 after acquiring an additional 358,946 shares during the period. Quadrature Capital Ltd purchased a new position in shares of ARK Next Generation Internet ETF in the 3rd quarter valued at approximately $22,627,000. UBS Group AG raised its stake in shares of ARK Next Generation Internet ETF by 168.4% during the third quarter. UBS Group AG now owns 107,671 shares of the company’s stock worth $18,800,000 after purchasing an additional 67,550 shares during the last quarter. Finally, Anfield Capital Management LLC lifted its stake in shares of ARK Next Generation Internet ETF by 124.1% in the 4th quarter. Anfield Capital Management LLC now owns 95,116 shares of the company’s stock worth $14,051,000 after acquiring an additional 52,672 shares during the period.
ARK Next Generation Internet ETF Trading Down 1.6%
Shares of ARKW opened at $138.48 on Thursday. The stock’s 50 day moving average is $142.85 and its two-hundred day moving average is $138.87. ARK Next Generation Internet ETF has a twelve month low of $113.36 and a twelve month high of $183.00. The firm has a market capitalization of $1.97 billion, a PE ratio of 45.71 and a beta of 1.89.
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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