ARK Next Generation Internation ETF (NYSEARCA:ARKW) Stake Decreased by Kovack Advisors Inc.

Kovack Advisors Inc. lessened its holdings in shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,501 shares of the company’s stock after selling 2,128 shares during the period. Kovack Advisors Inc. owned 0.18% of ARK Next Generation Internation ETF worth $3,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. NBC Securities Inc. bought a new stake in shares of ARK Next Generation Internation ETF during the third quarter valued at approximately $35,000. Naples Money Management LLC bought a new stake in shares of ARK Next Generation Internation ETF during the fourth quarter valued at approximately $38,000. Wetzel Investment Advisors Inc. acquired a new position in shares of ARK Next Generation Internation ETF during the fourth quarter valued at approximately $38,000. AdvisorNet Financial Inc increased its stake in shares of ARK Next Generation Internation ETF by 13,025.0% during the fourth quarter. AdvisorNet Financial Inc now owns 525 shares of the company’s stock valued at $40,000 after acquiring an additional 521 shares during the period. Finally, Headlands Technologies LLC increased its stake in shares of ARK Next Generation Internation ETF by 62.9% during the third quarter. Headlands Technologies LLC now owns 1,380 shares of the company’s stock valued at $75,000 after acquiring an additional 533 shares during the period.

ARK Next Generation Internation ETF Price Performance

Shares of NYSEARCA ARKW traded up $0.34 during mid-day trading on Friday, reaching $76.22. 247,579 shares of the company traded hands, compared to its average volume of 261,130. ARK Next Generation Internation ETF has a fifty-two week low of $45.50 and a fifty-two week high of $85.00. The firm has a market cap of $1.59 billion, a PE ratio of 69.80 and a beta of 1.55. The stock has a fifty day simple moving average of $79.26 and a 200-day simple moving average of $71.06.

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.