ARK Next Generation Internet ETF $ARKW Shares Sold by Sovran Advisors LLC

Sovran Advisors LLC decreased its holdings in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 72.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,397 shares of the company’s stock after selling 3,675 shares during the period. Sovran Advisors LLC’s holdings in ARK Next Generation Internet ETF were worth $206,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ARKW. Ameriflex Group Inc. purchased a new position in shares of ARK Next Generation Internet ETF during the 4th quarter worth approximately $238,000. B. Riley Wealth Advisors Inc. boosted its position in shares of ARK Next Generation Internet ETF by 9.5% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 2,660 shares of the company’s stock worth $287,000 after purchasing an additional 231 shares during the period. Capital A Wealth Management LLC purchased a new position in shares of ARK Next Generation Internet ETF during the 4th quarter worth approximately $577,000. Copia Wealth Management purchased a new position in shares of ARK Next Generation Internet ETF during the 4th quarter worth approximately $1,396,000. Finally, Mattson Financial Services LLC boosted its position in shares of ARK Next Generation Internet ETF by 38.7% during the 4th quarter. Mattson Financial Services LLC now owns 22,617 shares of the company’s stock worth $2,442,000 after purchasing an additional 6,307 shares during the period.

ARK Next Generation Internet ETF Stock Up 1.6%

ARK Next Generation Internet ETF stock opened at $173.18 on Friday. The firm has a market cap of $2.60 billion, a PE ratio of 45.71 and a beta of 1.55. ARK Next Generation Internet ETF has a 52-week low of $78.62 and a 52-week high of $174.88. The company’s 50 day moving average is $158.46 and its two-hundred day moving average is $129.37.

ARK Next Generation Internet ETF 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.