Sterling Investment Counsel LLC Sells 2,278 Shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Sterling Investment Counsel LLC lessened its holdings in shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 12.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,255 shares of the company’s stock after selling 2,278 shares during the period. ARK Next Generation Internation ETF comprises approximately 1.2% of Sterling Investment Counsel LLC’s holdings, making the stock its 16th largest holding. Sterling Investment Counsel LLC’s holdings in ARK Next Generation Internation ETF were worth $1,755,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARKW. Paladin Wealth LLC bought a new position in ARK Next Generation Internation ETF in the third quarter worth about $51,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of ARK Next Generation Internation ETF during the 2nd quarter worth approximately $88,000. Brown Financial Advisors bought a new position in shares of ARK Next Generation Internation ETF in the 2nd quarter worth approximately $108,000. Eagle Wealth Strategies LLC purchased a new position in shares of ARK Next Generation Internation ETF in the 4th quarter valued at approximately $202,000. Finally, Waldron Private Wealth LLC bought a new stake in shares of ARK Next Generation Internation ETF during the third quarter valued at approximately $216,000.

ARK Next Generation Internation ETF Stock Down 2.7 %

Shares of ARKW stock opened at $115.63 on Tuesday. The business’s fifty day moving average is $112.36 and its 200 day moving average is $93.43. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04. ARK Next Generation Internation ETF has a twelve month low of $64.00 and a twelve month high of $120.42.

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.