Prudential PLC Cuts Stake in ARK Next Generation Internet ETF $ARKW

Prudential PLC reduced its holdings in shares of ARK Next Generation Internet ETF (BATS:ARKW) by 24.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,650 shares of the company’s stock after selling 14,100 shares during the period. Prudential PLC’s holdings in ARK Next Generation Internet ETF were worth $6,448,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC increased its stake in ARK Next Generation Internet ETF by 20.1% during the 4th quarter. CWM LLC now owns 140,200 shares of the company’s stock worth $20,712,000 after buying an additional 23,467 shares during the period. HighTower Advisors LLC increased its stake in ARK Next Generation Internet ETF by 24.2% during the 3rd quarter. HighTower Advisors LLC now owns 33,714 shares of the company’s stock worth $5,887,000 after buying an additional 6,562 shares during the period. Marshall Investment Management LLC increased its stake in ARK Next Generation Internet ETF by 49.8% during the 3rd quarter. Marshall Investment Management LLC now owns 20,120 shares of the company’s stock worth $3,513,000 after buying an additional 6,693 shares during the period. Tudor Investment Corp ET AL increased its stake in ARK Next Generation Internet ETF by 112.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 10,181 shares of the company’s stock worth $1,778,000 after buying an additional 5,378 shares during the period. Finally, Gradient Investments LLC increased its stake in ARK Next Generation Internet ETF by 14.9% during the 4th quarter. Gradient Investments LLC now owns 190,317 shares of the company’s stock worth $28,115,000 after buying an additional 24,701 shares during the period.

ARK Next Generation Internet ETF Stock Down 5.8%

Shares of ARKW opened at $137.93 on Friday. ARK Next Generation Internet ETF has a fifty-two week low of $113.36 and a fifty-two week high of $183.00. The firm’s 50 day moving average price is $137.41 and its 200 day moving average price is $139.54. The company has a market cap of $1.96 billion, a P/E ratio of 45.71 and a beta of 1.89.

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. ARKW was launched on Sep 30, 2014 and is issued by ARK.