LPL Financial LLC Sells 25,923 Shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW)

LPL Financial LLC trimmed its holdings in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 9.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,618 shares of the company’s stock after selling 25,923 shares during the quarter. LPL Financial LLC owned about 1.21% of ARK Next Generation Internet ETF worth $26,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in shares of ARK Next Generation Internet ETF by 1,454.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 373 shares of the company’s stock valued at $40,000 after purchasing an additional 349 shares in the last quarter. Crews Bank & Trust purchased a new stake in shares of ARK Next Generation Internet ETF in the 4th quarter worth approximately $43,000. Farther Finance Advisors LLC increased its position in ARK Next Generation Internet ETF by 37.4% during the 4th quarter. Farther Finance Advisors LLC now owns 603 shares of the company’s stock valued at $65,000 after buying an additional 164 shares in the last quarter. Serenus Wealth Advisors LLC purchased a new position in ARK Next Generation Internet ETF during the fourth quarter valued at $96,000. Finally, Whipplewood Advisors LLC bought a new stake in ARK Next Generation Internet ETF in the fourth quarter worth $128,000.

ARK Next Generation Internet ETF Price Performance

Shares of NYSEARCA:ARKW opened at $96.36 on Friday. The business has a fifty day moving average price of $110.66 and a 200-day moving average price of $103.44. The company has a market capitalization of $1.50 billion, a PE ratio of 45.55 and a beta of 1.84. ARK Next Generation Internet ETF has a 1-year low of $64.00 and a 1-year high of $126.12.

ARK Next Generation Internet 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.