Prudential PLC reduced its holdings in ARK Next Generation Internet ETF (NYSEARCA:ARKW – Free Report) by 65.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,050 shares of the company’s stock after selling 69,700 shares during the period. Prudential PLC owned approximately 0.25% of ARK Next Generation Internet ETF worth $5,469,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of ARKW. MGB Wealth Management LLC acquired a new stake in shares of ARK Next Generation Internet ETF in the first quarter worth $28,000. PNC Financial Services Group Inc. boosted its holdings in ARK Next Generation Internet ETF by 90.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock valued at $51,000 after purchasing an additional 165 shares during the period. Avion Wealth acquired a new stake in ARK Next Generation Internet ETF in the 2nd quarter worth $53,000. Bank of Montreal Can grew its position in ARK Next Generation Internet ETF by 46.7% in the 2nd quarter. Bank of Montreal Can now owns 660 shares of the company’s stock worth $97,000 after purchasing an additional 210 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new position in shares of ARK Next Generation Internet ETF during the 2nd quarter worth about $105,000.
ARK Next Generation Internet ETF Stock Performance
NYSEARCA ARKW opened at $141.34 on Friday. The firm has a 50-day simple moving average of $168.92 and a 200 day simple moving average of $152.13. ARK Next Generation Internet ETF has a twelve month low of $78.62 and a twelve month high of $183.00. The stock has a market cap of $1.96 billion, a PE ratio of 45.71 and a beta of 1.93.
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.
Further Reading
- Five stocks we like better than ARK Next Generation Internet ETF
- What to Know About Investing in Penny Stocks
- A Magnificent AI Bet? Stanley Druckenmiller’s Latest Tech Moves
- What Does Downgrade Mean in Investing?
- 12 Analysts Just Raised CrowdStrike Targets—Here’s What They See Coming
- The 3 Best Retail Stocks to Shop for in August
- Palo Alto Networks Stock Just Pulled Back—Is This a Prime Buy Zone?
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.
