Sigma Planning Corp reduced its stake in ARK Next Generation Internet ETF (BATS:ARKW – Free Report) by 94.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,155 shares of the company’s stock after selling 35,684 shares during the period. Sigma Planning Corp’s holdings in ARK Next Generation Internet ETF were worth $359,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Curry Webb Wealth Management LLC acquired a new position in shares of ARK Next Generation Internet ETF during the 3rd quarter valued at $55,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of ARK Next Generation Internet ETF in the 1st quarter valued at approximately $61,000. Capital Investment Advisors LLC acquired a new position in ARK Next Generation Internet ETF in the 3rd quarter worth approximately $217,000. NWF Advisory Services Inc. purchased a new stake in shares of ARK Next Generation Internet ETF in the second quarter valued at $221,000. Finally, Baird Financial Group Inc. purchased a new position in ARK Next Generation Internet ETF during the 2nd quarter valued at about $225,000.
ARK Next Generation Internet ETF Price Performance
Shares of ARKW opened at $147.02 on Monday. The business’s 50-day moving average is $158.87 and its 200-day moving average is $143.26. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 45.71 and a beta of 1.89. ARK Next Generation Internet ETF has a fifty-two week low of $113.36 and a fifty-two week high of $178.68.
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. ARKW was launched on Sep 30, 2014 and is issued by ARK.
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