Kovack Advisors Inc. Sells 2,128 Shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Kovack Advisors Inc. lowered its stake in ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,501 shares of the company’s stock after selling 2,128 shares during the quarter. Kovack Advisors Inc.’s holdings in ARK Next Generation Internation ETF were worth $3,302,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in ARK Next Generation Internation ETF during the 4th quarter valued at $309,080,000. Priebe Wealth Holdings LLC bought a new stake in ARK Next Generation Internation ETF during the 4th quarter valued at $11,626,000. Price Capital Management Inc. bought a new stake in ARK Next Generation Internation ETF during the 4th quarter valued at $10,876,000. Raymond James & Associates increased its stake in ARK Next Generation Internation ETF by 103.5% during the 4th quarter. Raymond James & Associates now owns 81,293 shares of the company’s stock valued at $6,170,000 after purchasing an additional 41,338 shares in the last quarter. Finally, Pathstone Family Office LLC bought a new stake in ARK Next Generation Internation ETF during the 3rd quarter valued at $1,598,000.

ARK Next Generation Internation ETF Stock Up 0.4 %

ARKW stock traded up $0.34 during midday trading on Friday, reaching $76.22. 247,579 shares of the company’s stock traded hands, compared to its average volume of 261,130. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 69.80 and a beta of 1.55. The firm’s fifty day moving average price is $79.26 and its 200-day moving average price is $71.06. ARK Next Generation Internation ETF has a 52 week low of $45.50 and a 52 week high of $85.00.

ARK Next Generation Internation 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.