Kestra Private Wealth Services LLC Cuts Holdings in ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Kestra Private Wealth Services LLC lowered its position in ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 3.3% in the fourth quarter, HoldingsChannel reports. The fund owned 29,704 shares of the company’s stock after selling 1,001 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in ARK Next Generation Internation ETF were worth $2,255,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ARKW. NBC Securities Inc. acquired a new position in ARK Next Generation Internation ETF in the 3rd quarter worth about $35,000. Naples Money Management LLC purchased a new stake in shares of ARK Next Generation Internation ETF in the fourth quarter valued at approximately $38,000. Wetzel Investment Advisors Inc. acquired a new position in shares of ARK Next Generation Internation ETF during the 4th quarter worth approximately $38,000. AdvisorNet Financial Inc lifted its position in shares of ARK Next Generation Internation ETF by 13,025.0% during the 4th quarter. AdvisorNet Financial Inc now owns 525 shares of the company’s stock valued at $40,000 after buying an additional 521 shares in the last quarter. Finally, Headlands Technologies LLC grew its stake in ARK Next Generation Internation ETF by 62.9% in the 3rd quarter. Headlands Technologies LLC now owns 1,380 shares of the company’s stock valued at $75,000 after acquiring an additional 533 shares during the period.

ARK Next Generation Internation ETF Stock Performance

NYSEARCA:ARKW opened at $73.85 on Thursday. The stock has a market capitalization of $1.54 billion, a PE ratio of 69.80 and a beta of 1.55. ARK Next Generation Internation ETF has a fifty-two week low of $45.50 and a fifty-two week high of $85.00. The company has a fifty day moving average of $79.27 and a two-hundred day moving average of $71.60.

ARK Next Generation Internation 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.