Financial Perspectives Inc Decreases Position in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Financial Perspectives Inc trimmed its holdings in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 44.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,066 shares of the company’s stock after selling 1,670 shares during the quarter. Financial Perspectives Inc’s holdings in ARK Next Generation Internet ETF were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of ARKW. Crews Bank & Trust purchased a new position in ARK Next Generation Internet ETF in the 4th quarter valued at approximately $43,000. Serenus Wealth Advisors LLC purchased a new position in ARK Next Generation Internet ETF in the 4th quarter valued at approximately $96,000. Eagle Wealth Strategies LLC purchased a new position in ARK Next Generation Internet ETF in the 4th quarter valued at approximately $202,000. Waldron Private Wealth LLC purchased a new position in ARK Next Generation Internet ETF in the 3rd quarter valued at approximately $216,000. Finally, Kuhn & Co Investment Counsel purchased a new position in ARK Next Generation Internet ETF in the 4th quarter valued at approximately $216,000.

ARK Next Generation Internet ETF Trading Down 1.4 %

ARK Next Generation Internet ETF stock opened at $123.86 on Wednesday. The firm has a 50 day simple moving average of $116.04 and a 200 day simple moving average of $98.07. ARK Next Generation Internet ETF has a 1-year low of $64.00 and a 1-year high of $126.12. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04.

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.