Financial Management Professionals Inc. Sells 200 Shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Financial Management Professionals Inc. cut its stake in ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 31.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 426 shares of the company’s stock after selling 200 shares during the quarter. Financial Management Professionals Inc.’s holdings in ARK Next Generation Internation ETF were worth $35,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brookstone Capital Management increased its stake in shares of ARK Next Generation Internation ETF by 3.5% in the 1st quarter. Brookstone Capital Management now owns 71,453 shares of the company’s stock valued at $5,952,000 after acquiring an additional 2,425 shares during the last quarter. Priebe Wealth Holdings LLC increased its stake in ARK Next Generation Internation ETF by 0.7% during the 1st quarter. Priebe Wealth Holdings LLC now owns 154,267 shares of the company’s stock worth $12,850,000 after purchasing an additional 1,089 shares in the last quarter. 17 Capital Partners LLC bought a new stake in ARK Next Generation Internation ETF during the 1st quarter worth approximately $225,000. B. Riley Wealth Advisors Inc. increased its stake in ARK Next Generation Internation ETF by 15.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 4,419 shares of the company’s stock worth $335,000 after purchasing an additional 605 shares in the last quarter. Finally, Leo Wealth LLC bought a new stake in ARK Next Generation Internation ETF during the 4th quarter worth approximately $205,000.

ARK Next Generation Internation ETF Stock Performance

NYSEARCA ARKW opened at $78.00 on Friday. ARK Next Generation Internation ETF has a 52-week low of $49.92 and a 52-week high of $85.00. The business has a 50 day simple moving average of $76.66 and a 200 day simple moving average of $76.40. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04.

ARK Next Generation Internation 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.