Kestra Advisory Services LLC Acquires 6,251 Shares of ARK Next Generation Internet ETF $ARKW

Kestra Advisory Services LLC lifted its holdings in ARK Next Generation Internet ETF (BATS:ARKW) by 5.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 126,005 shares of the company’s stock after buying an additional 6,251 shares during the quarter. Kestra Advisory Services LLC owned approximately 0.89% of ARK Next Generation Internet ETF worth $15,197,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Hilton Head Capital Partners LLC boosted its holdings in ARK Next Generation Internet ETF by 213.7% during the 1st quarter. Hilton Head Capital Partners LLC now owns 298 shares of the company’s stock valued at $36,000 after acquiring an additional 203 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in ARK Next Generation Internet ETF in the third quarter worth $43,000. Headlands Technologies LLC purchased a new stake in ARK Next Generation Internet ETF in the second quarter worth $46,000. Wealth Watch Advisors INC bought a new stake in shares of ARK Next Generation Internet ETF during the third quarter worth $48,000. Finally, Abound Wealth Management lifted its position in shares of ARK Next Generation Internet ETF by 603.8% during the fourth quarter. Abound Wealth Management now owns 373 shares of the company’s stock worth $55,000 after purchasing an additional 320 shares during the last quarter.

ARK Next Generation Internet ETF Trading Down 0.7%

Shares of ARKW traded down $1.12 during trading hours on Friday, reaching $148.42. 432,721 shares of the company traded hands, compared to its average volume of 128,951. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 45.71 and a beta of 1.89. ARK Next Generation Internet ETF has a 12-month low of $113.36 and a 12-month high of $183.00. The stock’s fifty day moving average price is $144.73 and its 200 day moving average price is $138.15.

About ARK Next Generation Internet ETF

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.