CoreCap Advisors LLC Sells 7,626 Shares of ARK Next Generation Internet ETF $ARKW

CoreCap Advisors LLC cut its holdings in shares of ARK Next Generation Internet ETF (BATS:ARKW) by 34.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 14,399 shares of the company’s stock after selling 7,626 shares during the quarter. CoreCap Advisors LLC’s holdings in ARK Next Generation Internet ETF were worth $2,127,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Wealth Management Partners LLC lifted its holdings in shares of ARK Next Generation Internet ETF by 37.2% during the fourth quarter. Wealth Management Partners LLC now owns 32,645 shares of the company’s stock worth $4,823,000 after purchasing an additional 8,844 shares during the period. Abound Wealth Management increased its stake in shares of ARK Next Generation Internet ETF by 603.8% in the fourth quarter. Abound Wealth Management now owns 373 shares of the company’s stock valued at $55,000 after buying an additional 320 shares during the period. SG Americas Securities LLC acquired a new stake in shares of ARK Next Generation Internet ETF in the fourth quarter valued at about $508,000. Gradient Investments LLC raised its position in shares of ARK Next Generation Internet ETF by 14.9% during the fourth quarter. Gradient Investments LLC now owns 190,317 shares of the company’s stock worth $28,115,000 after acquiring an additional 24,701 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of ARK Next Generation Internet ETF by 17.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,048 shares of the company’s stock worth $1,986,000 after acquiring an additional 1,892 shares during the last quarter.

ARK Next Generation Internet ETF Stock Performance

Shares of BATS ARKW opened at $115.74 on Friday. The company’s 50 day moving average price is $130.01 and its 200-day moving average price is $150.55. ARK Next Generation Internet ETF has a 52-week low of $78.62 and a 52-week high of $183.00. The company has a market capitalization of $1.64 billion, a P/E ratio of 45.71 and a beta of 1.89.

ARK Next Generation Internet 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. ARKW was launched on Sep 30, 2014 and is issued by ARK.