ARK Next Generation Internet ETF $ARKW Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its stake in ARK Next Generation Internet ETF (BATS:ARKW) by 41.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,300 shares of the company’s stock after selling 3,800 shares during the quarter. Renaissance Technologies LLC’s holdings in ARK Next Generation Internet ETF were worth $639,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wealth Watch Advisors INC purchased a new position in ARK Next Generation Internet ETF during the third quarter worth approximately $48,000. Hilton Head Capital Partners LLC grew its stake in shares of ARK Next Generation Internet ETF by 213.7% during the 1st quarter. Hilton Head Capital Partners LLC now owns 298 shares of the company’s stock valued at $36,000 after buying an additional 203 shares during the period. Headlands Technologies LLC acquired a new stake in shares of ARK Next Generation Internet ETF during the 2nd quarter worth $46,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of ARK Next Generation Internet ETF during the 1st quarter worth $61,000. Finally, Simplex Trading LLC acquired a new stake in shares of ARK Next Generation Internet ETF during the 4th quarter worth $91,000.

ARK Next Generation Internet ETF Stock Performance

Shares of ARKW opened at $152.35 on Monday. The firm has a market capitalization of $2.16 billion, a P/E ratio of 45.71 and a beta of 1.89. The stock’s fifty day simple moving average is $143.90 and its 200 day simple moving average is $137.00. ARK Next Generation Internet ETF has a twelve month low of $113.36 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. ARKW was launched on Sep 30, 2014 and is issued by ARK.