ARK Next Generation Internet ETF $ARKW Shares Sold by Anfield Capital Management LLC

Anfield Capital Management LLC cut its holdings in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,626 shares of the company’s stock after selling 1,188 shares during the period. ARK Next Generation Internet ETF accounts for approximately 4.5% of Anfield Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. Anfield Capital Management LLC owned about 0.63% of ARK Next Generation Internet ETF worth $13,526,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wealthspire Advisors LLC purchased a new position in ARK Next Generation Internet ETF during the 2nd quarter worth $308,000. Western Wealth Management LLC lifted its holdings in shares of ARK Next Generation Internet ETF by 10.1% during the second quarter. Western Wealth Management LLC now owns 4,025 shares of the company’s stock worth $594,000 after purchasing an additional 370 shares during the period. Kingsview Wealth Management LLC acquired a new stake in shares of ARK Next Generation Internet ETF during the second quarter worth about $6,753,000. Collaborative Wealth Managment Inc. purchased a new stake in ARK Next Generation Internet ETF in the second quarter valued at approximately $249,000. Finally, Avantax Advisory Services Inc. boosted its position in ARK Next Generation Internet ETF by 6.9% in the second quarter. Avantax Advisory Services Inc. now owns 17,889 shares of the company’s stock valued at $2,641,000 after buying an additional 1,158 shares during the last quarter.

ARK Next Generation Internet ETF Price Performance

ARKW stock opened at $148.99 on Wednesday. The firm’s fifty day simple moving average is $170.02 and its 200-day simple moving average is $151.98. The company has a market capitalization of $2.07 billion, a P/E ratio of 45.71 and a beta of 1.93. ARK Next Generation Internet ETF has a 12 month low of $78.62 and a 12 month high of $183.00.

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.