Financial Guidance Group Inc. Decreases Stock Holdings in ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Financial Guidance Group Inc. lessened its holdings in ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 11.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,562 shares of the company’s stock after selling 4,518 shares during the period. ARK Next Generation Internation ETF comprises approximately 1.7% of Financial Guidance Group Inc.’s holdings, making the stock its 19th biggest holding. Financial Guidance Group Inc.’s holdings in ARK Next Generation Internation ETF were worth $2,942,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ARKW. Northwestern Mutual Wealth Management Co. increased its holdings in ARK Next Generation Internation ETF by 7.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 186,057 shares of the company’s stock valued at $14,518,000 after purchasing an additional 12,582 shares in the last quarter. Prudential PLC grew its stake in shares of ARK Next Generation Internation ETF by 38.5% in the second quarter. Prudential PLC now owns 132,350 shares of the company’s stock valued at $10,339,000 after buying an additional 36,800 shares in the last quarter. Gradient Investments LLC grew its stake in shares of ARK Next Generation Internation ETF by 55.1% in the second quarter. Gradient Investments LLC now owns 88,993 shares of the company’s stock valued at $6,944,000 after buying an additional 31,625 shares in the last quarter. Brookstone Capital Management raised its holdings in shares of ARK Next Generation Internation ETF by 3.5% during the 1st quarter. Brookstone Capital Management now owns 71,453 shares of the company’s stock valued at $5,952,000 after buying an additional 2,425 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of ARK Next Generation Internation ETF by 691.7% during the first quarter. Cetera Investment Advisers now owns 66,001 shares of the company’s stock worth $5,498,000 after purchasing an additional 57,664 shares in the last quarter.

ARK Next Generation Internation ETF Trading Up 3.4 %

Shares of ARKW stock opened at $88.28 on Friday. ARK Next Generation Internation ETF has a twelve month low of $49.92 and a twelve month high of $88.83. The company has a market capitalization of $1.80 billion, a PE ratio of 64.77 and a beta of 2.04. The firm has a fifty day simple moving average of $82.12 and a 200-day simple moving average of $78.96.

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.