Kestra Advisory Services LLC Raises Position in ARK Next Generation Internet ETF $ARKW

Kestra Advisory Services LLC lifted its holdings in ARK Next Generation Internet ETF (BATS:ARKW) by 5.2% in the first quarter, Holdings Channel reports. The firm owned 126,005 shares of the company’s stock after buying an additional 6,251 shares during the period. Kestra Advisory Services LLC’s holdings in ARK Next Generation Internet ETF were worth $15,197,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC increased its position in ARK Next Generation Internet ETF by 213.7% during the 1st quarter. Hilton Head Capital Partners LLC now owns 298 shares of the company’s stock valued at $36,000 after buying an additional 203 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in ARK Next Generation Internet ETF in the third quarter valued at about $43,000. Headlands Technologies LLC acquired a new stake in ARK Next Generation Internet ETF in the second quarter worth about $46,000. Wealth Watch Advisors INC acquired a new stake in ARK Next Generation Internet ETF in the third quarter worth about $48,000. Finally, Abound Wealth Management grew its stake in shares of ARK Next Generation Internet ETF by 603.8% during the fourth quarter. Abound Wealth Management now owns 373 shares of the company’s stock worth $55,000 after acquiring an additional 320 shares during the last quarter.

ARK Next Generation Internet ETF Trading Down 0.7%

Shares of ARKW stock traded down $1.12 during trading hours on Friday, reaching $148.42. 432,721 shares of the company’s stock were exchanged, compared to its average volume of 128,951. 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 cap of $2.11 billion, a PE ratio of 45.71 and a beta of 1.89. The stock’s fifty day moving average price is $144.73 and its two-hundred day moving average price is $138.15.

ARK Next Generation Internet ETF 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.