Wealthfront Advisers LLC Sells 3,260 Shares of ARK Next Generation Internet ETF $ARKW

Wealthfront Advisers LLC reduced its position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 16.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,652 shares of the company’s stock after selling 3,260 shares during the period. Wealthfront Advisers LLC’s holdings in ARK Next Generation Internet ETF were worth $2,458,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Avion Wealth bought a new position in shares of ARK Next Generation Internet ETF in the 2nd quarter worth $53,000. International Assets Investment Management LLC bought a new position in shares of ARK Next Generation Internet ETF in the 2nd quarter worth $320,000. Mattson Financial Services LLC lifted its holdings in shares of ARK Next Generation Internet ETF by 9.7% in the 2nd quarter. Mattson Financial Services LLC now owns 24,594 shares of the company’s stock worth $3,631,000 after purchasing an additional 2,172 shares in the last quarter. Mutual Advisors LLC lifted its holdings in shares of ARK Next Generation Internet ETF by 0.7% in the 2nd quarter. Mutual Advisors LLC now owns 26,610 shares of the company’s stock worth $4,193,000 after purchasing an additional 173 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of ARK Next Generation Internet ETF by 6.0% in the 2nd quarter. CWM LLC now owns 61,756 shares of the company’s stock worth $9,116,000 after purchasing an additional 3,523 shares in the last quarter.

ARK Next Generation Internet ETF Trading Down 0.5%

Shares of NYSEARCA:ARKW opened at $178.83 on Thursday. The stock’s fifty day simple moving average is $168.20 and its two-hundred day simple moving average is $145.16. 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 cap of $2.43 billion, a PE ratio of 45.71 and a beta of 1.93.

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.