Kestra Advisory Services LLC lessened its stake in ARK Next Generation Internet ETF (BATS:ARKW – Free Report) by 14.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 102,317 shares of the company’s stock after selling 16,774 shares during the quarter. Kestra Advisory Services LLC owned approximately 0.72% of ARK Next Generation Internet ETF worth $16,385,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. AdvisorNet Financial Inc grew its stake in ARK Next Generation Internet ETF by 65.6% in the third quarter. AdvisorNet Financial Inc now owns 66,205 shares of the company’s stock worth $10,572,000 after purchasing an additional 26,226 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in ARK Next Generation Internet ETF during the 3rd quarter worth approximately $9,184,000. Envestnet Asset Management Inc. lifted its holdings in ARK Next Generation Internet ETF by 55.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 47,393 shares of the company’s stock worth $6,865,000 after buying an additional 16,964 shares during the last quarter. Crescent Grove Advisors LLC lifted its holdings in ARK Next Generation Internet ETF by 2.3% during the 1st quarter. Crescent Grove Advisors LLC now owns 33,908 shares of the company’s stock worth $4,090,000 after buying an additional 750 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in shares of ARK Next Generation Internet ETF in the 3rd quarter worth approximately $3,564,000.
ARK Next Generation Internet ETF Stock Performance
Shares of ARKW opened at $138.82 on Monday. ARK Next Generation Internet ETF has a 52 week low of $113.36 and a 52 week high of $168.50. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 40.13 and a beta of 1.99. The stock has a 50 day moving average of $157.55 and a 200-day moving average of $143.05.
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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