Atria Wealth Solutions Inc. Decreases Holdings in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Atria Wealth Solutions Inc. trimmed its stake in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 6.1% during the fourth quarter, Holdings Channel reports. The fund owned 9,744 shares of the company’s stock after selling 633 shares during the period. Atria Wealth Solutions Inc.’s holdings in ARK Next Generation Internet ETF were worth $1,052,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of ARKW. JPMorgan Chase & Co. grew its stake in shares of ARK Next Generation Internet ETF by 16.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,583 shares of the company’s stock worth $1,837,000 after acquiring an additional 3,055 shares during the period. Serenus Wealth Advisors LLC purchased a new stake in ARK Next Generation Internet ETF during the fourth quarter valued at about $96,000. BNP Paribas Financial Markets boosted its position in ARK Next Generation Internet ETF by 2.2% during the third quarter. BNP Paribas Financial Markets now owns 14,745 shares of the company’s stock worth $1,255,000 after purchasing an additional 314 shares during the period. 17 Capital Partners LLC boosted its position in ARK Next Generation Internet ETF by 31.6% during the third quarter. 17 Capital Partners LLC now owns 4,439 shares of the company’s stock worth $378,000 after purchasing an additional 1,065 shares during the period. Finally, Nwam LLC purchased a new position in shares of ARK Next Generation Internet ETF in the third quarter worth about $349,000.

ARK Next Generation Internet ETF Trading Down 2.2 %

Shares of ARKW stock opened at $112.41 on Tuesday. The firm’s 50 day moving average is $116.37 and its 200 day moving average is $99.47. The stock has a market capitalization of $2.29 billion, a P/E ratio of 64.77 and a beta of 2.04. ARK Next Generation Internet ETF has a 12 month low of $64.00 and a 12 month high of $126.12.

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.