Pacific Sun Financial Corp Reduces Stock Holdings in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Pacific Sun Financial Corp cut its position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,323 shares of the company’s stock after selling 510 shares during the period. Pacific Sun Financial Corp’s holdings in ARK Next Generation Internet ETF were worth $791,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Waldron Private Wealth LLC purchased a new position in ARK Next Generation Internet ETF in the 3rd quarter valued at $216,000. Allworth Financial LP lifted its holdings in shares of ARK Next Generation Internet ETF by 2.1% in the 3rd quarter. Allworth Financial LP now owns 5,871 shares of the company’s stock worth $500,000 after acquiring an additional 121 shares during the last quarter. Clear Harbor Asset Management LLC boosted its holdings in ARK Next Generation Internet ETF by 4.6% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 3,587 shares of the company’s stock valued at $305,000 after acquiring an additional 159 shares during the period. Atria Investments Inc acquired a new position in shares of ARK Next Generation Internet ETF in the third quarter valued at approximately $923,000. Finally, 17 Capital Partners LLC boosted its holdings in ARK Next Generation Internet ETF by 31.6% in the third quarter. 17 Capital Partners LLC now owns 4,439 shares of the company’s stock valued at $378,000 after purchasing an additional 1,065 shares during the period.

ARK Next Generation Internet ETF Price Performance

Shares of NYSEARCA ARKW opened at $121.89 on Thursday. ARK Next Generation Internet ETF has a 1 year low of $64.00 and a 1 year high of $126.12. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04. The business has a 50-day moving average of $116.24 and a two-hundred day moving average of $98.42.

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.