ARK Next Generation Internet ETF $ARKW Shares Sold by Brookstone Capital Management

Brookstone Capital Management trimmed its position in ARK Next Generation Internet ETF (BATS:ARKW) by 15.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,686 shares of the company’s stock after selling 4,074 shares during the quarter. Brookstone Capital Management owned about 0.16% of ARK Next Generation Internet ETF worth $2,736,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ARKW. KERR FINANCIAL PLANNING Corp purchased a new position in ARK Next Generation Internet ETF during the third quarter worth about $43,000. Headlands Technologies LLC acquired a new stake in ARK Next Generation Internet ETF during the 2nd quarter worth approximately $46,000. Wealth Watch Advisors INC purchased a new position in ARK Next Generation Internet ETF in the third quarter valued at $48,000. MGB Wealth Management LLC purchased a new position in ARK Next Generation Internet ETF in the third quarter valued at $52,000. Finally, Abound Wealth Management raised its position in ARK Next Generation Internet ETF by 603.8% in the 4th quarter. Abound Wealth Management now owns 373 shares of the company’s stock valued at $55,000 after purchasing an additional 320 shares in the last quarter.

ARK Next Generation Internet ETF Stock Performance

Shares of ARKW opened at $138.48 on Thursday. The stock has a 50-day simple moving average of $142.85 and a 200-day simple moving average of $138.87. ARK Next Generation Internet ETF has a 1 year low of $113.36 and a 1 year high of $183.00. The stock has a market capitalization of $1.97 billion, a PE ratio of 45.71 and a beta of 1.89.

About ARK Next Generation Internet ETF

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.