ARK Next Generation Internet ETF (NYSEARCA:ARKW) is Priebe Wealth Holdings LLC’s 3rd Largest Position

Priebe Wealth Holdings LLC lowered its stake in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 4.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,397 shares of the company’s stock after selling 5,677 shares during the quarter. ARK Next Generation Internet ETF comprises 7.6% of Priebe Wealth Holdings LLC’s holdings, making the stock its 3rd largest holding. Priebe Wealth Holdings LLC’s holdings in ARK Next Generation Internet ETF were worth $12,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in shares of ARK Next Generation Internet ETF by 8.1% during the fourth quarter. BNP Paribas Financial Markets now owns 15,936 shares of the company’s stock worth $1,721,000 after purchasing an additional 1,191 shares in the last quarter. Farther Finance Advisors LLC grew its stake in ARK Next Generation Internet ETF by 37.4% during the 4th quarter. Farther Finance Advisors LLC now owns 603 shares of the company’s stock worth $65,000 after buying an additional 164 shares during the last quarter. Barclays PLC acquired a new position in ARK Next Generation Internet ETF during the 4th quarter valued at about $1,296,000. Comerica Bank increased its position in ARK Next Generation Internet ETF by 472.9% during the 4th quarter. Comerica Bank now owns 1,266 shares of the company’s stock valued at $137,000 after buying an additional 1,045 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in ARK Next Generation Internet ETF by 1,454.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 373 shares of the company’s stock valued at $40,000 after buying an additional 349 shares during the last quarter.

ARK Next Generation Internet ETF Stock Performance

Shares of NYSEARCA ARKW opened at $129.66 on Monday. ARK Next Generation Internet ETF has a fifty-two week low of $64.00 and a fifty-two week high of $131.13. The company has a market cap of $1.84 billion, a PE ratio of 35.29 and a beta of 1.89. The business has a 50-day simple moving average of $105.81 and a two-hundred day simple moving average of $109.24.

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.