IFP Advisors Inc Cuts Stake in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

IFP Advisors Inc trimmed its position in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 43.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 826 shares of the company’s stock after selling 635 shares during the quarter. IFP Advisors Inc’s holdings in ARK Next Generation Internet ETF were worth $89,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in ARK Next Generation Internet ETF by 16.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,583 shares of the company’s stock valued at $1,837,000 after purchasing an additional 3,055 shares during the last quarter. Serenus Wealth Advisors LLC purchased a new stake in shares of ARK Next Generation Internet ETF during the 4th quarter valued at about $96,000. Wealthspire Advisors LLC purchased a new stake in shares of ARK Next Generation Internet ETF during the 4th quarter valued at about $226,000. BNP Paribas Financial Markets boosted its holdings in shares of ARK Next Generation Internet ETF by 2.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,745 shares of the company’s stock valued at $1,255,000 after acquiring an additional 314 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of ARK Next Generation Internet ETF by 3.8% during the 4th quarter. Private Advisor Group LLC now owns 28,177 shares of the company’s stock valued at $3,043,000 after acquiring an additional 1,027 shares during the last quarter.

ARK Next Generation Internet ETF Stock Up 3.2 %

Shares of NYSEARCA ARKW opened at $106.96 on Thursday. The firm’s 50-day moving average price is $115.10 and its 200-day moving average price is $101.08. The company has a market cap of $1.70 billion, a PE ratio of 45.69 and a beta of 1.73. ARK Next Generation Internet ETF has a 52-week low of $64.00 and a 52-week high of $126.12.

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.