Truist Financial Corp Lowers Stock Position in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Truist Financial Corp lessened its stake in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,167 shares of the company’s stock after selling 540 shares during the quarter. Truist Financial Corp’s holdings in ARK Next Generation Internet ETF were worth $558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Strong Tower Advisory Services boosted its stake in shares of ARK Next Generation Internet ETF by 1.0% in the fourth quarter. Strong Tower Advisory Services now owns 16,012 shares of the company’s stock valued at $1,729,000 after purchasing an additional 163 shares during the period. BNP Paribas Financial Markets lifted its stake in ARK Next Generation Internet ETF by 2.2% in the third quarter. BNP Paribas Financial Markets now owns 14,745 shares of the company’s stock worth $1,255,000 after acquiring an additional 314 shares during the last quarter. PFG Investments LLC lifted its stake in ARK Next Generation Internet ETF by 12.2% in the fourth quarter. PFG Investments LLC now owns 3,066 shares of the company’s stock worth $331,000 after acquiring an additional 333 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in ARK Next Generation Internet ETF by 13.9% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 3,248 shares of the company’s stock worth $351,000 after acquiring an additional 396 shares during the last quarter. Finally, Crews Bank & Trust purchased a new position in ARK Next Generation Internet ETF in the fourth quarter worth approximately $43,000.

ARK Next Generation Internet ETF Stock Down 3.0 %

Shares of ARK Next Generation Internet ETF stock opened at $103.87 on Tuesday. ARK Next Generation Internet ETF has a 52-week low of $64.00 and a 52-week high of $126.12. The company has a 50 day moving average of $115.50 and a 200 day moving average of $100.85. The company has a market capitalization of $1.65 billion, a P/E ratio of 45.69 and a beta of 1.73.

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.