Crescent Grove Advisors LLC Reduces Stock Holdings in ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Crescent Grove Advisors LLC lessened its stake in ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,442 shares of the company’s stock after selling 2,580 shares during the quarter. Crescent Grove Advisors LLC’s holdings in ARK Next Generation Internation ETF were worth $4,259,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ARKW. Gradient Investments LLC lifted its position in shares of ARK Next Generation Internation ETF by 22.3% during the fourth quarter. Gradient Investments LLC now owns 144,433 shares of the company’s stock worth $15,596,000 after purchasing an additional 26,302 shares in the last quarter. Eagle Wealth Strategies LLC purchased a new stake in ARK Next Generation Internation ETF during the 4th quarter worth $202,000. Lam Group Inc. lifted its holdings in ARK Next Generation Internation ETF by 835.4% in the 4th quarter. Lam Group Inc. now owns 3,040 shares of the company’s stock worth $328,000 after buying an additional 2,715 shares in the last quarter. Strong Tower Advisory Services boosted its position in ARK Next Generation Internation ETF by 1.0% in the 4th quarter. Strong Tower Advisory Services now owns 16,012 shares of the company’s stock valued at $1,729,000 after buying an additional 163 shares during the last quarter. Finally, Wealth Management Partners LLC grew its stake in shares of ARK Next Generation Internation ETF by 52.2% during the fourth quarter. Wealth Management Partners LLC now owns 15,052 shares of the company’s stock valued at $1,625,000 after acquiring an additional 5,164 shares in the last quarter.

ARK Next Generation Internation ETF Stock Performance

Shares of NYSEARCA ARKW opened at $118.81 on Friday. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04. ARK Next Generation Internation ETF has a 1 year low of $64.00 and a 1 year high of $120.42. The stock’s 50-day simple moving average is $112.36 and its 200-day simple moving average is $93.25.

ARK Next Generation Internation 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.