Ameritas Advisory Services LLC Reduces Stock Position in ARK Next Generation Internet ETF $ARKW

Ameritas Advisory Services LLC reduced its stake in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 42.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,736 shares of the company’s stock after selling 6,454 shares during the quarter. Ameritas Advisory Services LLC owned approximately 0.06% of ARK Next Generation Internet ETF worth $1,290,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its holdings in shares of ARK Next Generation Internet ETF by 59.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,177 shares of the company’s stock valued at $451,000 after purchasing an additional 1,558 shares during the period. NBC Securities Inc. purchased a new stake in shares of ARK Next Generation Internet ETF in the 1st quarter valued at approximately $38,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of ARK Next Generation Internet ETF in the 1st quarter valued at approximately $213,000. DHK Financial Advisors Inc. purchased a new stake in shares of ARK Next Generation Internet ETF in the 1st quarter valued at approximately $436,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of ARK Next Generation Internet ETF in the 1st quarter valued at approximately $65,000.

ARK Next Generation Internet ETF Stock Performance

Shares of ARK Next Generation Internet ETF stock opened at $176.36 on Friday. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 45.71 and a beta of 1.55. ARK Next Generation Internet ETF has a fifty-two week low of $78.62 and a fifty-two week high of $178.49. The stock has a 50 day moving average of $161.68 and a 200 day moving average of $134.70.

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.