Sequoia Financial Advisors LLC Buys Shares of 2,699 ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Sequoia Financial Advisors LLC bought a new position in shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,699 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Morgan Stanley lifted its stake in shares of ARK Next Generation Internation ETF by 9.9% in the 4th quarter. Morgan Stanley now owns 607,337 shares of the company’s stock valued at $23,413,000 after acquiring an additional 54,575 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of ARK Next Generation Internation ETF by 0.5% during the fourth quarter. Bank of America Corp DE now owns 440,504 shares of the company’s stock valued at $16,981,000 after purchasing an additional 2,315 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of ARK Next Generation Internation ETF during the fourth quarter worth about $309,080,000. Royal Bank of Canada increased its stake in shares of ARK Next Generation Internation ETF by 147.0% in the first quarter. Royal Bank of Canada now owns 290,089 shares of the company’s stock valued at $25,300,000 after buying an additional 172,639 shares during the period. Finally, Price Capital Management Inc. bought a new position in ARK Next Generation Internation ETF in the 4th quarter valued at approximately $10,876,000.

ARK Next Generation Internation ETF Price Performance

NYSEARCA:ARKW opened at $72.82 on Friday. ARK Next Generation Internation ETF has a one year low of $45.50 and a one year high of $85.00. The company has a market cap of $1.51 billion, a PE ratio of 69.80 and a beta of 1.55. The firm’s 50 day simple moving average is $79.40 and its 200 day simple moving average is $70.42.

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.