Brookstone Capital Management Has $4.07 Million Stock Position in ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Brookstone Capital Management lowered its stake in ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 31.1% during the second quarter, Holdings Channel.com reports. The fund owned 49,204 shares of the company’s stock after selling 22,249 shares during the period. Brookstone Capital Management’s holdings in ARK Next Generation Internation ETF were worth $4,066,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Prudential PLC grew its holdings in ARK Next Generation Internation ETF by 131.7% during the fourth quarter. Prudential PLC now owns 280,250 shares of the company’s stock worth $21,271,000 after purchasing an additional 159,300 shares during the period. Cetera Investment Advisers grew its holdings in 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 during the period. Gradient Investments LLC grew its holdings in ARK Next Generation Internation ETF by 383.4% during the first quarter. Gradient Investments LLC now owns 57,368 shares of the company’s stock worth $4,779,000 after purchasing an additional 45,500 shares during the period. Cetera Advisors LLC grew its holdings in ARK Next Generation Internation ETF by 244.9% during the first quarter. Cetera Advisors LLC now owns 24,637 shares of the company’s stock worth $2,052,000 after purchasing an additional 17,494 shares during the period. Finally, Focus Financial Network Inc. ADV bought a new position in ARK Next Generation Internation ETF during the fourth quarter worth about $847,000.

ARK Next Generation Internation ETF Stock Performance

ARK Next Generation Internation ETF stock traded up $0.87 during midday trading on Friday, reaching $78.11. 79,107 shares of the company’s stock were exchanged, compared to its average volume of 218,185. ARK Next Generation Internation ETF has a 52 week low of $49.92 and a 52 week high of $85.00. The stock’s 50-day simple moving average is $77.71 and its 200 day simple moving average is $77.64. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04.

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.