ARK Next Generation Internet ETF (NYSEARCA:ARKW) Position Trimmed by PFG Advisors

PFG Advisors trimmed its holdings in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,340 shares of the company’s stock after selling 105 shares during the period. PFG Advisors’ holdings in ARK Next Generation Internet ETF were worth $253,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Crews Bank & Trust bought a new stake in ARK Next Generation Internet ETF during the fourth quarter worth approximately $43,000. Serenus Wealth Advisors LLC bought a new stake in ARK Next Generation Internet ETF during the fourth quarter worth approximately $96,000. Whipplewood Advisors LLC bought a new stake in ARK Next Generation Internet ETF during the fourth quarter worth approximately $128,000. Eagle Wealth Strategies LLC bought a new stake in ARK Next Generation Internet ETF during the fourth quarter worth approximately $202,000. Finally, Brown Financial Advisors bought a new stake in ARK Next Generation Internet ETF during the fourth quarter worth approximately $202,000.

ARK Next Generation Internet ETF Stock Performance

Shares of NYSEARCA:ARKW opened at $96.28 on Friday. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 45.69 and a beta of 1.73. ARK Next Generation Internet ETF has a 1-year low of $64.00 and a 1-year high of $126.12. The company has a 50 day moving average price of $113.06 and a 200 day moving average price of $101.86.

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.