Insight Advisors LLC PA Has $250,000 Stake in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Insight Advisors LLC PA cut its position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 36.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,638 shares of the company’s stock after selling 1,500 shares during the quarter. Insight Advisors LLC PA’s holdings in ARK Next Generation Internet ETF were worth $250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in ARK Next Generation Internet ETF in the first quarter valued at approximately $213,000. Wealth Management Partners LLC boosted its holdings in shares of ARK Next Generation Internet ETF by 35.1% in the 1st quarter. Wealth Management Partners LLC now owns 20,333 shares of the company’s stock valued at $1,925,000 after purchasing an additional 5,281 shares in the last quarter. EWG Elevate Inc. increased its stake in shares of ARK Next Generation Internet ETF by 55.3% in the 1st quarter. EWG Elevate Inc. now owns 4,810 shares of the company’s stock valued at $455,000 after purchasing an additional 1,712 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of ARK Next Generation Internet ETF during the 1st quarter worth $38,000. Finally, AdvisorNet Financial Inc lifted its position in shares of ARK Next Generation Internet ETF by 99,900.0% during the 1st quarter. AdvisorNet Financial Inc now owns 25,000 shares of the company’s stock worth $2,367,000 after buying an additional 24,975 shares during the last quarter.

ARK Next Generation Internet ETF Stock Up 6.8%

NYSEARCA:ARKW opened at $129.66 on Friday. ARK Next Generation Internet ETF has a twelve month low of $64.00 and a twelve month high of $131.02. The stock’s 50-day simple moving average is $105.81 and its 200 day simple moving average is $109.20. The firm has a market capitalization of $1.84 billion, a PE ratio of 35.29 and a beta of 1.89.

About ARK Next Generation Internet ETF

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.