ARK Next Generation Internet ETF $ARKW Shares Sold by Priebe Wealth Holdings LLC

Priebe Wealth Holdings LLC cut its holdings in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 69.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,852 shares of the company’s stock after selling 89,545 shares during the period. ARK Next Generation Internet ETF comprises approximately 5.1% of Priebe Wealth Holdings LLC’s investment portfolio, making the stock its 5th biggest holding. Priebe Wealth Holdings LLC owned approximately 0.27% of ARK Next Generation Internet ETF worth $5,883,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MGB Wealth Management LLC purchased a new position in ARK Next Generation Internet ETF in the first quarter valued at $28,000. Opal Wealth Advisors LLC purchased a new position in ARK Next Generation Internet ETF in the first quarter valued at $65,000. Global Trust Asset Management LLC purchased a new position in ARK Next Generation Internet ETF in the second quarter valued at $105,000. Banque Transatlantique SA purchased a new position in ARK Next Generation Internet ETF in the first quarter valued at $73,000. Finally, Ignite Planners LLC purchased a new position in ARK Next Generation Internet ETF in the second quarter valued at $246,000.

ARK Next Generation Internet ETF Stock Performance

ARKW opened at $170.90 on Monday. ARK Next Generation Internet ETF has a fifty-two week low of $78.62 and a fifty-two week high of $183.00. The company has a fifty day moving average of $163.95 and a two-hundred day moving average of $137.61. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 45.71 and a beta of 1.55.

ARK Next Generation Internet ETF 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.