Sigma Planning Corp lowered its position in shares of ARK Next Generation Internet ETF (BATS:ARKW – Free Report) by 94.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,155 shares of the company’s stock after selling 35,684 shares during the period. Sigma Planning Corp’s holdings in ARK Next Generation Internet ETF were worth $359,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Curry Webb Wealth Management LLC purchased a new position in ARK Next Generation Internet ETF in the 3rd quarter valued at about $55,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of ARK Next Generation Internet ETF in the first quarter worth about $61,000. Sequoia Financial Advisors LLC purchased a new position in ARK Next Generation Internet ETF in the first quarter valued at about $203,000. Capital Investment Advisors LLC purchased a new position in ARK Next Generation Internet ETF in the third quarter valued at about $217,000. Finally, NWF Advisory Services Inc. acquired a new stake in ARK Next Generation Internet ETF during the 2nd quarter valued at approximately $221,000.
ARK Next Generation Internet ETF Price Performance
Shares of BATS ARKW opened at $147.02 on Monday. ARK Next Generation Internet ETF has a fifty-two week low of $113.36 and a fifty-two week high of $178.68. The business has a 50 day moving average price of $158.87 and a two-hundred day moving average price of $143.26. The firm has a market cap of $2.09 billion, a PE ratio of 45.71 and a beta of 1.89.
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.
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