ARK Next Generation Internet ETF (NYSEARCA:ARKW) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. cut its position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 46.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,245 shares of the company’s stock after selling 1,927 shares during the quarter. Scotia Capital Inc.’s holdings in ARK Next Generation Internet ETF were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Serenus Wealth Advisors LLC purchased a new position in shares of ARK Next Generation Internet ETF in the fourth quarter valued at approximately $96,000. Raymond James Financial Inc. purchased a new stake in shares of ARK Next Generation Internet ETF in the 4th quarter valued at approximately $7,263,000. Gradient Investments LLC grew its stake in shares of ARK Next Generation Internet ETF by 22.3% during the fourth quarter. Gradient Investments LLC now owns 144,433 shares of the company’s stock worth $15,596,000 after purchasing an additional 26,302 shares in the last quarter. Wells Fargo & Company MN increased its holdings in ARK Next Generation Internet ETF by 66,933.3% in the fourth quarter. Wells Fargo & Company MN now owns 22,121 shares of the company’s stock valued at $2,389,000 after buying an additional 22,088 shares during the last quarter. Finally, Marshall Investment Management LLC acquired a new stake in ARK Next Generation Internet ETF in the fourth quarter valued at $1,768,000.

ARK Next Generation Internet ETF Stock Performance

NYSEARCA:ARKW opened at $93.58 on Wednesday. ARK Next Generation Internet ETF has a 1 year low of $64.00 and a 1 year high of $126.12. The stock has a market cap of $1.44 billion, a P/E ratio of 30.83 and a beta of 1.91. The stock has a 50-day simple moving average of $102.81 and a 200-day simple moving average of $104.10.

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.