Financial Guidance Group Inc. Trims Stock Position in ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Financial Guidance Group Inc. trimmed its stake in shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 11.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,562 shares of the company’s stock after selling 4,518 shares during the period. ARK Next Generation Internation ETF comprises 1.7% of Financial Guidance Group Inc.’s holdings, making the stock its 19th largest position. Financial Guidance Group Inc. owned approximately 0.17% of ARK Next Generation Internation ETF worth $2,942,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ARKW. Northwestern Mutual Wealth Management Co. boosted its stake in shares of ARK Next Generation Internation ETF by 7.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 186,057 shares of the company’s stock worth $14,518,000 after acquiring an additional 12,582 shares in the last quarter. Prudential PLC boosted its position in ARK Next Generation Internation ETF by 38.5% during the second quarter. Prudential PLC now owns 132,350 shares of the company’s stock worth $10,339,000 after purchasing an additional 36,800 shares in the last quarter. Gradient Investments LLC grew its holdings in ARK Next Generation Internation ETF by 55.1% in the second quarter. Gradient Investments LLC now owns 88,993 shares of the company’s stock valued at $6,944,000 after purchasing an additional 31,625 shares during the period. Brookstone Capital Management increased its position in shares of ARK Next Generation Internation ETF by 3.5% in the first quarter. Brookstone Capital Management now owns 71,453 shares of the company’s stock valued at $5,952,000 after buying an additional 2,425 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of ARK Next Generation Internation ETF by 691.7% during the 1st quarter. Cetera Investment Advisers now owns 66,001 shares of the company’s stock worth $5,498,000 after buying an additional 57,664 shares during the period.

ARK Next Generation Internation ETF Price Performance

Shares of NYSEARCA:ARKW opened at $88.28 on Friday. The business’s 50 day moving average price is $82.12 and its 200-day moving average price is $78.96. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04. ARK Next Generation Internation ETF has a 1 year low of $49.92 and a 1 year high of $88.83.

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.