Crescent Grove Advisors LLC Cuts Stake in ARK Next Generation Internet ETF $ARKW

Crescent Grove Advisors LLC trimmed its position in shares of ARK Next Generation Internet ETF (BATS:ARKW) by 10.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 33,158 shares of the company’s stock after selling 3,748 shares during the quarter. Crescent Grove Advisors LLC’s holdings in ARK Next Generation Internet ETF were worth $4,898,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Savvy Advisors Inc. grew its position in ARK Next Generation Internet ETF by 5.6% during the 3rd quarter. Savvy Advisors Inc. now owns 1,442 shares of the company’s stock valued at $252,000 after purchasing an additional 77 shares during the last quarter. MAI Capital Management grew its position in ARK Next Generation Internet ETF by 7.3% during the 3rd quarter. MAI Capital Management now owns 1,191 shares of the company’s stock valued at $208,000 after purchasing an additional 81 shares during the last quarter. Ausdal Financial Partners Inc. grew its position in ARK Next Generation Internet ETF by 4.5% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 2,065 shares of the company’s stock valued at $361,000 after purchasing an additional 88 shares during the last quarter. Scotia Capital Inc. grew its position in ARK Next Generation Internet ETF by 4.2% during the 3rd quarter. Scotia Capital Inc. now owns 2,227 shares of the company’s stock valued at $389,000 after purchasing an additional 90 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its position in ARK Next Generation Internet ETF by 5.4% during the 3rd quarter. Diversify Advisory Services LLC now owns 1,775 shares of the company’s stock valued at $311,000 after purchasing an additional 91 shares during the last quarter.

ARK Next Generation Internet ETF Stock Performance

Shares of ARKW stock opened at $146.57 on Thursday. ARK Next Generation Internet ETF has a one year low of $113.36 and a one year high of $183.00. The company’s 50-day moving average is $136.68 and its 200 day moving average is $139.62. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 45.71 and a beta of 1.89.

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. ARKW was launched on Sep 30, 2014 and is issued by ARK.