Crescent Grove Advisors LLC Lowers Stake in ARK Next Generation Internet ETF $ARKW

Crescent Grove Advisors LLC reduced its holdings in shares of ARK Next Generation Internet ETF (BATS:ARKW) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,158 shares of the company’s stock after selling 3,748 shares during the period. Crescent Grove Advisors LLC owned 0.24% of ARK Next Generation Internet ETF worth $4,898,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ARKW. Northwestern Mutual Wealth Management Co. boosted its position in shares of ARK Next Generation Internet ETF by 947.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,557,386 shares of the company’s stock worth $230,073,000 after purchasing an additional 1,408,657 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in shares of ARK Next Generation Internet ETF by 200.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 537,572 shares of the company’s stock worth $79,416,000 after purchasing an additional 358,946 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of ARK Next Generation Internet ETF in the 3rd quarter worth approximately $22,627,000. Serenus Wealth Advisors LLC bought a new stake in shares of ARK Next Generation Internet ETF in the 3rd quarter worth approximately $16,831,000. Finally, UBS Group AG boosted its position in shares of ARK Next Generation Internet ETF by 168.4% in the 3rd quarter. UBS Group AG now owns 107,671 shares of the company’s stock worth $18,800,000 after purchasing an additional 67,550 shares in the last quarter.

ARK Next Generation Internet ETF Stock Down 3.0%

Shares of ARKW opened at $146.57 on Thursday. The business’s 50 day moving average price is $136.68 and its 200-day moving average price is $139.62. ARK Next Generation Internet ETF has a 52 week low of $113.36 and a 52 week high of $183.00. The stock has a market cap of $2.08 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.