Wealth Enhancement Advisory Services LLC Has $382,000 Stock Position in ARK Next Generation Internet ETF $ARKW

Wealth Enhancement Advisory Services LLC reduced its position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 16.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,577 shares of the company’s stock after selling 515 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in ARK Next Generation Internet ETF were worth $382,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in shares of ARK Next Generation Internet ETF by 51.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,884 shares of the company’s stock valued at $557,000 after buying an additional 1,987 shares during the period. Raymond James Financial Inc. increased its stake in shares of ARK Next Generation Internet ETF by 6.2% in the 1st quarter. Raymond James Financial Inc. now owns 71,409 shares of the company’s stock valued at $6,760,000 after buying an additional 4,151 shares during the period. NBC Securities Inc. acquired a new stake in shares of ARK Next Generation Internet ETF in the 1st quarter valued at $38,000. Janney Montgomery Scott LLC increased its stake in shares of ARK Next Generation Internet ETF by 1,141.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 35,312 shares of the company’s stock valued at $3,343,000 after buying an additional 32,467 shares during the period. Finally, Sovran Advisors LLC acquired a new stake in shares of ARK Next Generation Internet ETF during the first quarter worth $464,000.

ARK Next Generation Internet ETF Stock Down 2.0%

Shares of ARK Next Generation Internet ETF stock opened at $177.39 on Wednesday. ARK Next Generation Internet ETF has a 12 month low of $78.62 and a 12 month high of $182.60. The business has a fifty day simple moving average of $162.57 and a 200 day simple moving average of $135.81. The stock has a market cap of $2.61 billion, a PE ratio of 45.71 and a beta of 1.55.

About ARK Next Generation Internet ETF

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.