ARK Next Generation Internet ETF $ARKW Stock Holdings Reduced by Wealth Management Partners LLC

Wealth Management Partners LLC lowered its stake in ARK Next Generation Internet ETF (BATS:ARKW) by 9.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,253 shares of the company’s stock after selling 3,201 shares during the quarter. ARK Next Generation Internet ETF comprises 1.2% of Wealth Management Partners LLC’s portfolio, making the stock its 21st biggest holding. Wealth Management Partners LLC owned 0.22% of ARK Next Generation Internet ETF worth $5,005,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ARKW. Sterling Investment Counsel LLC grew its stake in shares of ARK Next Generation Internet ETF by 2.0% during the 3rd quarter. Sterling Investment Counsel LLC now owns 11,604 shares of the company’s stock valued at $1,858,000 after acquiring an additional 224 shares during the period. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in ARK Next Generation Internet ETF in the 3rd quarter worth approximately $297,000. AdvisorNet Financial Inc increased its holdings in ARK Next Generation Internet ETF by 65.6% in the 3rd quarter. AdvisorNet Financial Inc now owns 66,205 shares of the company’s stock worth $10,572,000 after acquiring an additional 26,226 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in ARK Next Generation Internet ETF by 55.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 47,393 shares of the company’s stock worth $6,865,000 after acquiring an additional 16,964 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in ARK Next Generation Internet ETF during the 2nd quarter worth approximately $308,000.

ARK Next Generation Internet ETF Price Performance

Shares of BATS:ARKW opened at $160.75 on Thursday. ARK Next Generation Internet ETF has a 1-year low of $113.36 and a 1-year high of $181.63. The company has a market capitalization of $2.28 billion, a P/E ratio of 45.71 and a beta of 1.89. The firm’s 50 day simple moving average is $158.64 and its two-hundred day simple moving average is $147.73.

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.