CoreCap Advisors LLC Has $2.13 Million Holdings in ARK Next Generation Internet ETF $ARKW

CoreCap Advisors LLC lowered its stake in shares of ARK Next Generation Internet ETF (BATS:ARKW) by 34.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,399 shares of the company’s stock after selling 7,626 shares during the period. CoreCap Advisors LLC owned approximately 0.10% of ARK Next Generation Internet ETF worth $2,127,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ARKW. Gradient Investments LLC boosted its stake in ARK Next Generation Internet ETF by 14.9% during the 4th quarter. Gradient Investments LLC now owns 190,317 shares of the company’s stock worth $28,115,000 after acquiring an additional 24,701 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of ARK Next Generation Internet ETF by 3.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 150,051 shares of the company’s stock worth $22,150,000 after purchasing an additional 5,569 shares in the last quarter. Quadrature Capital Ltd bought a new position in ARK Next Generation Internet ETF during the third quarter worth about $22,627,000. CWM LLC lifted its holdings in ARK Next Generation Internet ETF by 89.0% during the third quarter. CWM LLC now owns 116,733 shares of the company’s stock worth $20,383,000 after acquiring an additional 54,977 shares in the last quarter. Finally, UBS Group AG grew its stake in ARK Next Generation Internet ETF by 168.4% in the third quarter. UBS Group AG now owns 107,671 shares of the company’s stock valued at $18,800,000 after acquiring an additional 67,550 shares during the period.

ARK Next Generation Internet ETF Price Performance

Shares of ARK Next Generation Internet ETF stock opened at $115.74 on Friday. The company has a market capitalization of $1.64 billion, a P/E ratio of 45.71 and a beta of 1.89. The business has a 50-day moving average of $130.01 and a two-hundred day moving average of $150.55. ARK Next Generation Internet ETF has a 1 year low of $78.62 and a 1 year high of $183.00.

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. ARKW was launched on Sep 30, 2014 and is issued by ARK.