ARK Next Generation Internet ETF (NYSEARCA:ARKW) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. cut its stake in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 25.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,438 shares of the company’s stock after selling 2,542 shares during the period. Stratos Wealth Partners LTD.’s holdings in ARK Next Generation Internet ETF were worth $803,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ARKW. EMC Capital Management increased its stake in shares of ARK Next Generation Internet ETF by 1,282.4% during the 4th quarter. EMC Capital Management now owns 4,935 shares of the company’s stock worth $533,000 after purchasing an additional 4,578 shares in the last quarter. Crews Bank & Trust acquired a new position in shares of ARK Next Generation Internet ETF during the 4th quarter valued at $43,000. Strategic Blueprint LLC purchased a new stake in ARK Next Generation Internet ETF during the 4th quarter worth $240,000. PFG Investments LLC increased its stake in ARK Next Generation Internet ETF by 12.2% during the 4th quarter. PFG Investments LLC now owns 3,066 shares of the company’s stock worth $331,000 after buying an additional 333 shares during the period. Finally, Gradient Investments LLC increased its position in shares of ARK Next Generation Internet ETF by 22.3% in the 4th quarter. Gradient Investments LLC now owns 144,433 shares of the company’s stock worth $15,596,000 after purchasing an additional 26,302 shares during the last quarter.

ARK Next Generation Internet ETF Stock Performance

ARKW opened at $122.14 on Tuesday. ARK Next Generation Internet ETF has a 1-year low of $64.00 and a 1-year high of $123.64. The company has a 50-day moving average of $114.99 and a 200-day moving average of $96.13. The company has a market capitalization of $2.49 billion, a P/E ratio of 64.77 and a beta of 2.04.

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.