Private Advisor Group LLC Sells 1,653 Shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Private Advisor Group LLC trimmed its position in shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 5.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 27,150 shares of the company’s stock after selling 1,653 shares during the quarter. Private Advisor Group LLC’s holdings in ARK Next Generation Internation ETF were worth $2,311,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ARKW. Waldron Private Wealth LLC purchased a new position in shares of ARK Next Generation Internation ETF during the third quarter valued at approximately $216,000. Paladin Wealth LLC bought a new stake in shares of ARK Next Generation Internation ETF during the 3rd quarter worth approximately $51,000. Smith Anglin Financial LLC boosted its holdings in ARK Next Generation Internation ETF by 1.2% during the 3rd quarter. Smith Anglin Financial LLC now owns 19,383 shares of the company’s stock valued at $1,650,000 after acquiring an additional 227 shares during the period. Mattson Financial Services LLC purchased a new position in ARK Next Generation Internation ETF during the 2nd quarter valued at $1,294,000. Finally, Cubist Systematic Strategies LLC grew its position in ARK Next Generation Internation ETF by 18.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 9,092 shares of the company’s stock valued at $709,000 after acquiring an additional 1,408 shares during the last quarter.

ARK Next Generation Internation ETF Trading Up 1.4 %

NYSEARCA:ARKW opened at $89.78 on Tuesday. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04. The stock has a fifty day simple moving average of $82.76 and a 200-day simple moving average of $79.09. ARK Next Generation Internation ETF has a twelve month low of $50.14 and a twelve month high of $90.26.

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.