ARK Next Generation Internation ETF (NYSEARCA:ARKW) Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC trimmed its holdings in shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 10.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,958 shares of the company’s stock after selling 556 shares during the period. Western Wealth Management LLC’s holdings in ARK Next Generation Internation ETF were worth $387,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ARKW. Prudential PLC raised its position in ARK Next Generation Internation ETF by 131.7% during the fourth quarter. Prudential PLC now owns 280,250 shares of the company’s stock worth $21,271,000 after acquiring an additional 159,300 shares during the period. Cetera Investment Advisers increased its position in shares of ARK Next Generation Internation ETF by 691.7% during the first quarter. Cetera Investment Advisers now owns 66,001 shares of the company’s stock worth $5,498,000 after purchasing an additional 57,664 shares in the last quarter. Gradient Investments LLC lifted its holdings in ARK Next Generation Internation ETF by 383.4% in the 1st quarter. Gradient Investments LLC now owns 57,368 shares of the company’s stock valued at $4,779,000 after purchasing an additional 45,500 shares in the last quarter. Cetera Advisors LLC boosted its stake in ARK Next Generation Internation ETF by 244.9% during the 1st quarter. Cetera Advisors LLC now owns 24,637 shares of the company’s stock worth $2,052,000 after purchasing an additional 17,494 shares during the last quarter. Finally, Focus Financial Network Inc. ADV purchased a new position in shares of ARK Next Generation Internation ETF in the fourth quarter worth about $847,000.

ARK Next Generation Internation ETF Stock Up 0.5 %

ARKW traded up $0.41 during trading on Monday, reaching $78.52. The company’s stock had a trading volume of 26,457 shares, compared to its average volume of 216,983. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04. The firm has a fifty day simple moving average of $77.71 and a two-hundred day simple moving average of $77.74. ARK Next Generation Internation ETF has a 1 year low of $49.92 and a 1 year high of $85.00.

ARK Next Generation Internation 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.