Financial Guidance Group Inc. lowered its stake in ARK Next Generation Internet ETF (NYSEARCA:ARKW – Free Report) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,228 shares of the company’s stock after selling 1,885 shares during the period. ARK Next Generation Internet ETF accounts for 2.0% of Financial Guidance Group Inc.’s portfolio, making the stock its 16th largest position. Financial Guidance Group Inc. owned 0.19% of ARK Next Generation Internet ETF worth $4,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently bought and sold shares of ARKW. MGB Wealth Management LLC bought a new position in ARK Next Generation Internet ETF in the 1st quarter valued at $28,000. Banque Transatlantique SA acquired a new position in shares of ARK Next Generation Internet ETF during the first quarter valued at $73,000. Global Trust Asset Management LLC acquired a new position in shares of ARK Next Generation Internet ETF during the second quarter valued at $105,000. James J. Burns & Company LLC bought a new position in ARK Next Generation Internet ETF in the second quarter valued at about $230,000. Finally, Ignite Planners LLC bought a new position in ARK Next Generation Internet ETF in the second quarter valued at about $246,000.
ARK Next Generation Internet ETF Trading Down 2.1%
Shares of NYSEARCA:ARKW opened at $170.79 on Friday. ARK Next Generation Internet ETF has a 1-year low of $78.62 and a 1-year high of $183.00. The stock has a market capitalization of $2.44 billion, a P/E ratio of 45.71 and a beta of 1.55. The business has a 50-day moving average price of $165.33 and a two-hundred day moving average price of $139.16.
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.
See Also
- Five stocks we like better than ARK Next Generation Internet ETF
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Salesforce’s Long-Awaited Inflection is Here: Rally On!
- How to Capture the Benefits of Dividend Increases
- Rocket Lab USA Receives Wall Street Validation: Time to Buy?
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Archer Buys Rival’s Patent Treasure Trove in Strategic Move
Want to see what other hedge funds are holding ARKW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARK Next Generation Internet ETF (NYSEARCA:ARKW – Free Report).
Receive News & Ratings for ARK Next Generation Internet ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARK Next Generation Internet ETF and related companies with MarketBeat.com's FREE daily email newsletter.
