Strong Tower Advisory Services Cuts Position in ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Strong Tower Advisory Services lowered its position in shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 29.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,612 shares of the company’s stock after selling 7,716 shares during the period. Strong Tower Advisory Services owned approximately 0.08% of ARK Next Generation Internation ETF worth $1,413,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ARKW. Echo Wealth Management LLC bought a new stake in shares of ARK Next Generation Internation ETF during the fourth quarter valued at about $226,000. Raymond James & Associates grew 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 acquiring an additional 41,338 shares in the last quarter. CoreCap Advisors LLC bought a new stake in shares of ARK Next Generation Internation ETF in the 4th quarter valued at approximately $284,000. Comerica Bank bought a new stake in shares of ARK Next Generation Internation ETF in the 3rd quarter valued at approximately $32,000. Finally, Creative Planning acquired a new position in shares of ARK Next Generation Internation ETF during the third quarter worth approximately $244,000.

ARK Next Generation Internation ETF Trading Up 0.4 %

Shares of ARKW stock opened at $83.30 on Friday. The stock has a 50 day moving average of $76.67 and a 200-day moving average of $67.56. ARK Next Generation Internation ETF has a 12 month low of $45.50 and a 12 month high of $85.00.

ARK Next Generation Internation 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.