Financial Perspectives Inc Sells 1,670 Shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Financial Perspectives Inc lessened its stake in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 44.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,066 shares of the company’s stock after selling 1,670 shares during the quarter. Financial Perspectives Inc’s holdings in ARK Next Generation Internet ETF were worth $223,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crews Bank & Trust bought a new position in shares of ARK Next Generation Internet ETF during the 4th quarter worth approximately $43,000. Eagle Wealth Strategies LLC bought a new position in shares of ARK Next Generation Internet ETF during the 4th quarter worth approximately $202,000. Kuhn & Co Investment Counsel bought a new position in shares of ARK Next Generation Internet ETF during the 4th quarter worth approximately $216,000. Strategic Blueprint LLC bought a new position in shares of ARK Next Generation Internet ETF during the 4th quarter worth approximately $240,000. Finally, Waldron Private Wealth LLC bought a new position in shares of ARK Next Generation Internet ETF during the 3rd quarter worth approximately $216,000.

ARK Next Generation Internet ETF Stock Down 1.4 %

Shares of ARKW stock opened at $123.86 on Wednesday. The company has a 50 day moving average of $116.04 and a 200-day moving average of $98.07. ARK Next Generation Internet ETF has a 12-month low of $64.00 and a 12-month high of $126.12. The firm has a market cap of $2.53 billion, a P/E ratio of 64.77 and a beta of 2.04.

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.