Verus Capital Partners LLC Lowers Stake in ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Verus Capital Partners LLC lessened its holdings in ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 91.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,160 shares of the company’s stock after selling 32,232 shares during the quarter. Verus Capital Partners LLC’s holdings in ARK Next Generation Internation ETF were worth $269,000 at the end of the most recent quarter.

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

ARK Next Generation Internation ETF Stock Performance

Shares of ARKW stock opened at $104.61 on Thursday. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04. ARK Next Generation Internation ETF has a one year low of $60.38 and a one year high of $107.74. The company’s 50-day moving average is $86.01 and its 200 day moving average is $80.53.

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.