ARK Next Generation Internation ETF (NYSEARCA:ARKW) Shares Sold by Purus Wealth Management LLC

Purus Wealth Management LLC lessened its position in shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 0.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 33,574 shares of the company’s stock after selling 177 shares during the period. ARK Next Generation Internation ETF makes up approximately 1.2% of Purus Wealth Management LLC’s investment portfolio, making the stock its 21st largest position. Purus Wealth Management LLC’s holdings in ARK Next Generation Internation ETF were worth $2,620,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ARKW. CoreCap Advisors LLC purchased a new stake in ARK Next Generation Internation ETF during the 2nd quarter worth about $310,000. Prudential PLC increased its position in ARK Next Generation Internation ETF by 38.5% during the 2nd quarter. Prudential PLC now owns 132,350 shares of the company’s stock worth $10,339,000 after purchasing an additional 36,800 shares in the last quarter. Private Advisor Group LLC increased its position in ARK Next Generation Internation ETF by 3.0% during the 2nd quarter. Private Advisor Group LLC now owns 28,803 shares of the company’s stock worth $2,248,000 after purchasing an additional 827 shares in the last quarter. Verus Capital Partners LLC increased its position in ARK Next Generation Internation ETF by 4.5% during the 2nd quarter. Verus Capital Partners LLC now owns 35,392 shares of the company’s stock worth $2,762,000 after purchasing an additional 1,535 shares in the last quarter. Finally, Summit Financial LLC increased its position in ARK Next Generation Internation ETF by 15.7% during the 2nd quarter. Summit Financial LLC now owns 4,915 shares of the company’s stock worth $384,000 after purchasing an additional 667 shares in the last quarter.

ARK Next Generation Internation ETF Trading Up 1.0 %

ARK Next Generation Internation ETF stock opened at $81.60 on Wednesday. The stock has a market cap of $1.66 billion, a PE ratio of 64.77 and a beta of 2.04. The stock has a 50-day moving average price of $78.05 and a 200 day moving average price of $78.25. ARK Next Generation Internation ETF has a 52 week low of $49.92 and a 52 week high of $85.00.

About ARK Next Generation Internation 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.