ARK Next Generation Internet ETF $ARKW Stock: Wealth Management Partners LLC Reduces Stake

Wealth Management Partners LLC trimmed its holdings in ARK Next Generation Internet ETF (BATS:ARKW) by 9.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 31,253 shares of the company’s stock after selling 3,201 shares during the quarter. ARK Next Generation Internet ETF makes up approximately 1.2% of Wealth Management Partners LLC’s portfolio, making the stock its 21st largest holding. Wealth Management Partners LLC’s holdings in ARK Next Generation Internet ETF were worth $5,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Sterling Investment Counsel LLC raised its position in shares of ARK Next Generation Internet ETF by 2.0% during the third quarter. Sterling Investment Counsel LLC now owns 11,604 shares of the company’s stock valued at $1,858,000 after buying an additional 224 shares during the last quarter. Walser Wealth Management Company A Ltd Liability Co purchased a new position in shares of ARK Next Generation Internet ETF in the third quarter worth $297,000. AdvisorNet Financial Inc lifted its holdings in shares of ARK Next Generation Internet ETF by 65.6% in the third quarter. AdvisorNet Financial Inc now owns 66,205 shares of the company’s stock worth $10,572,000 after buying an additional 26,226 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of ARK Next Generation Internet ETF by 55.7% in the second quarter. Envestnet Asset Management Inc. now owns 47,393 shares of the company’s stock worth $6,865,000 after buying an additional 16,964 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of ARK Next Generation Internet ETF during the second quarter worth $308,000.

ARK Next Generation Internet ETF Stock Performance

Shares of BATS:ARKW opened at $160.75 on Thursday. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 45.71 and a beta of 1.89. The firm has a fifty day moving average price of $158.64 and a 200 day moving average price of $147.73. ARK Next Generation Internet ETF has a fifty-two week low of $113.36 and a fifty-two week high of $181.63.

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.