Wealthfront Advisers LLC Trims Position in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Wealthfront Advisers LLC lessened its holdings in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 13.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,697 shares of the company’s stock after selling 2,411 shares during the quarter. Wealthfront Advisers LLC owned approximately 0.08% of ARK Next Generation Internet ETF worth $1,695,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ARKW. Gradient Investments LLC raised its position in shares of ARK Next Generation Internet ETF by 22.3% in the 4th quarter. Gradient Investments LLC now owns 144,433 shares of the company’s stock worth $15,596,000 after buying an additional 26,302 shares during the period. Serenus Wealth Advisors LLC purchased a new position in shares of ARK Next Generation Internet ETF in the 4th quarter worth $96,000. Raymond James Financial Inc. purchased a new position in shares of ARK Next Generation Internet ETF in the 4th quarter worth $7,263,000. Private Advisor Group LLC raised its position in shares of ARK Next Generation Internet ETF by 3.8% in the 4th quarter. Private Advisor Group LLC now owns 28,177 shares of the company’s stock worth $3,043,000 after buying an additional 1,027 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of ARK Next Generation Internet ETF by 16.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,583 shares of the company’s stock worth $1,837,000 after buying an additional 3,055 shares during the period.

ARK Next Generation Internet ETF Trading Up 4.6 %

Shares of ARKW opened at $96.28 on Friday. The firm has a market capitalization of $1.53 billion, a P/E ratio of 45.69 and a beta of 1.73. The stock’s fifty day simple moving average is $113.06 and its 200 day simple moving average is $101.71. ARK Next Generation Internet ETF has a twelve month low of $64.00 and a twelve month high of $126.12.

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.