Prudential PLC Trims Holdings in ARK Next Generation Internet ETF $ARKW

Prudential PLC trimmed its stake in ARK Next Generation Internet ETF (BATS:ARKW) by 24.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 43,650 shares of the company’s stock after selling 14,100 shares during the period. Prudential PLC owned about 0.32% of ARK Next Generation Internet ETF worth $6,448,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Lido Advisors LLC purchased a new stake in shares of ARK Next Generation Internet ETF in the 4th quarter valued at approximately $211,000. Goldman Sachs Group Inc. raised its stake in shares of ARK Next Generation Internet ETF by 19.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 7,013 shares of the company’s stock valued at $1,036,000 after acquiring an additional 1,129 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of ARK Next Generation Internet ETF by 3.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 154,089 shares of the company’s stock valued at $22,763,000 after acquiring an additional 5,360 shares during the period. Foundations Investment Advisors LLC raised its stake in shares of ARK Next Generation Internet ETF by 200.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 537,572 shares of the company’s stock valued at $79,416,000 after acquiring an additional 358,946 shares during the period. Finally, Integrity Alliance LLC. raised its stake in shares of ARK Next Generation Internet ETF by 2.4% in the 4th quarter. Integrity Alliance LLC. now owns 5,078 shares of the company’s stock valued at $750,000 after acquiring an additional 119 shares during the period.

ARK Next Generation Internet ETF Stock Performance

ARK Next Generation Internet ETF stock opened at $137.93 on Friday. The company’s 50 day simple moving average is $137.41 and its 200-day simple moving average is $139.54. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 45.71 and a beta of 1.89. ARK Next Generation Internet ETF has a 1 year low of $113.36 and a 1 year high of $183.00.

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.