NewEdge Advisors LLC Sells 3,481 Shares of ARK Next Generation Internet ETF $ARKW

NewEdge Advisors LLC reduced its stake in ARK Next Generation Internet ETF (BATS:ARKW) by 49.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,626 shares of the company’s stock after selling 3,481 shares during the quarter. NewEdge Advisors LLC’s holdings in ARK Next Generation Internet ETF were worth $437,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in ARK Next Generation Internet ETF by 947.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,557,386 shares of the company’s stock valued at $230,073,000 after acquiring an additional 1,408,657 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in shares of ARK Next Generation Internet ETF by 200.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 537,572 shares of the company’s stock worth $79,416,000 after acquiring an additional 358,946 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of ARK Next Generation Internet ETF by 5.2% in the first quarter. Kestra Advisory Services LLC now owns 126,005 shares of the company’s stock valued at $15,197,000 after purchasing an additional 6,251 shares during the last quarter. UBS Group AG raised its holdings in shares of ARK Next Generation Internet ETF by 168.4% in the third quarter. UBS Group AG now owns 107,671 shares of the company’s stock valued at $18,800,000 after purchasing an additional 67,550 shares during the last quarter. Finally, Anfield Capital Management LLC raised its holdings in shares of ARK Next Generation Internet ETF by 124.1% in the fourth quarter. Anfield Capital Management LLC now owns 95,116 shares of the company’s stock valued at $14,051,000 after purchasing an additional 52,672 shares during the last quarter.

ARK Next Generation Internet ETF Price Performance

ARKW opened at $155.49 on Friday. ARK Next Generation Internet ETF has a fifty-two week low of $113.36 and a fifty-two week high of $183.00. The firm has a market capitalization of $2.21 billion, a P/E ratio of 45.71 and a beta of 1.89. The company’s 50-day moving average is $145.14 and its 200 day moving average is $137.31.

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. ARKW was launched on Sep 30, 2014 and is issued by ARK.