NWF Advisory Services Inc. Trims Stake in ARK Next Generation Internet ETF $ARKW
by Danessa Lincoln · The Markets DailyNWF Advisory Services Inc. decreased its position in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW – Free Report) by 88.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,128 shares of the company’s stock after selling 16,895 shares during the quarter. NWF Advisory Services Inc.’s holdings in ARK Next Generation Internet ETF were worth $314,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. PFG Advisors lifted its stake in shares of ARK Next Generation Internet ETF by 5.7% in the 2nd quarter. PFG Advisors now owns 2,443 shares of the company’s stock valued at $361,000 after purchasing an additional 131 shares during the period. Phoenix Wealth Advisors raised its position in shares of ARK Next Generation Internet ETF by 1.3% in the first quarter. Phoenix Wealth Advisors now owns 11,081 shares of the company’s stock worth $1,049,000 after acquiring an additional 142 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of ARK Next Generation Internet ETF by 90.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock worth $51,000 after acquiring an additional 165 shares in the last quarter. Mutual Advisors LLC grew its position in shares of ARK Next Generation Internet ETF by 0.7% during the 2nd quarter. Mutual Advisors LLC now owns 26,610 shares of the company’s stock valued at $4,193,000 after acquiring an additional 173 shares during the period. Finally, Bank of Montreal Can grew its position in shares of ARK Next Generation Internet ETF by 46.7% during the 2nd quarter. Bank of Montreal Can now owns 660 shares of the company’s stock valued at $97,000 after acquiring an additional 210 shares during the period.
ARK Next Generation Internet ETF Trading Up 1.6%
NYSEARCA ARKW opened at $153.92 on Wednesday. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 45.71 and a beta of 1.93. The stock has a 50-day moving average of $162.48 and a 200 day moving average of $157.12. ARK Next Generation Internet ETF has a twelve month low of $78.62 and a twelve month high of $183.00.
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.
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