Phoenix Wealth Advisors Has $516,000 Holdings in ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Phoenix Wealth Advisors raised its stake in ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 9.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,079 shares of the company’s stock after acquiring an additional 606 shares during the quarter. Phoenix Wealth Advisors’ holdings in ARK Next Generation Internation ETF were worth $516,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ARKW. Gradient Investments LLC boosted its holdings in shares of ARK Next Generation Internation ETF by 35.9% in the 3rd quarter. Gradient Investments LLC now owns 5,962 shares of the company’s stock worth $323,000 after acquiring an additional 1,576 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of ARK Next Generation Internation ETF in the third quarter valued at $356,000. SG Americas Securities LLC raised its holdings in shares of ARK Next Generation Internation ETF by 13.4% in the third quarter. SG Americas Securities LLC now owns 3,003 shares of the company’s stock valued at $163,000 after buying an additional 355 shares during the last quarter. AdvisorNet Financial Inc lifted its position in ARK Next Generation Internation ETF by 13,025.0% during the 4th quarter. AdvisorNet Financial Inc now owns 525 shares of the company’s stock worth $40,000 after buying an additional 521 shares in the last quarter. Finally, Raymond James & Associates grew its holdings 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 worth $6,170,000 after acquiring an additional 41,338 shares during the last quarter.

ARK Next Generation Internation ETF Stock Performance

Shares of NYSEARCA ARKW traded down $0.45 during trading on Wednesday, reaching $74.80. The company had a trading volume of 42,678 shares, compared to its average volume of 262,975. ARK Next Generation Internation ETF has a 52 week low of $45.50 and a 52 week high of $85.00. The business’s 50 day moving average price is $79.45 and its 200-day moving average price is $70.10. The stock has a market cap of $1.56 billion, a PE ratio of 69.80 and a beta of 1.55.

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.