ARK Next Generation Internet ETF $ARKW Stock Sold by Victory Financial Group LLC

Victory Financial Group LLC trimmed its holdings in shares of ARK Next Generation Internet ETF (BATS:ARKW) by 21.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,382 shares of the company’s stock after selling 4,806 shares during the period. Victory Financial Group LLC owned 0.12% of ARK Next Generation Internet ETF worth $2,784,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC boosted its holdings in ARK Next Generation Internet ETF by 5.2% during the first quarter. Kestra Advisory Services LLC now owns 126,005 shares of the company’s stock worth $15,197,000 after buying an additional 6,251 shares during the last quarter. AdvisorNet Financial Inc increased its stake in shares of ARK Next Generation Internet ETF by 65.6% in the 3rd quarter. AdvisorNet Financial Inc now owns 66,205 shares of the company’s stock valued at $10,572,000 after acquiring an additional 26,226 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of ARK Next Generation Internet ETF by 8.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 75,584 shares of the company’s stock valued at $9,116,000 after acquiring an additional 5,570 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of ARK Next Generation Internet ETF by 55.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 47,393 shares of the company’s stock valued at $6,865,000 after acquiring an additional 16,964 shares during the last quarter. Finally, Crescent Grove Advisors LLC raised its position in shares of ARK Next Generation Internet ETF by 2.3% in the 1st quarter. Crescent Grove Advisors LLC now owns 33,908 shares of the company’s stock valued at $4,090,000 after acquiring an additional 750 shares during the period.

ARK Next Generation Internet ETF Price Performance

Shares of BATS:ARKW opened at $157.04 on Wednesday. The firm’s 50 day simple moving average is $158.72 and its 200 day simple moving average is $143.21. ARK Next Generation Internet ETF has a fifty-two week low of $113.36 and a fifty-two week high of $181.54. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 45.71 and a beta of 1.89.

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