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

Sterling Investment Counsel LLC lowered its position in ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 12.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,255 shares of the company’s stock after selling 2,278 shares during the quarter. ARK Next Generation Internation ETF makes up approximately 1.2% of Sterling Investment Counsel LLC’s portfolio, making the stock its 16th biggest position. Sterling Investment Counsel LLC owned about 0.08% of ARK Next Generation Internation ETF worth $1,755,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Gradient Investments LLC lifted its holdings in shares of ARK Next Generation Internation ETF by 22.3% in the 4th quarter. Gradient Investments LLC now owns 144,433 shares of the company’s stock worth $15,596,000 after acquiring an additional 26,302 shares during the last quarter. Mattson Financial Services LLC purchased a new stake in ARK Next Generation Internation ETF during the second quarter valued at about $1,294,000. Northwestern Mutual Wealth Management Co. boosted its holdings in ARK Next Generation Internation ETF by 7.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 186,057 shares of the company’s stock valued at $14,518,000 after acquiring an additional 12,582 shares during the period. Atria Investments Inc bought a new position in ARK Next Generation Internation ETF during the 3rd quarter worth approximately $923,000. Finally, Wealth Management Partners LLC increased its stake in ARK Next Generation Internation ETF by 52.2% in the 4th quarter. Wealth Management Partners LLC now owns 15,052 shares of the company’s stock worth $1,625,000 after purchasing an additional 5,164 shares during the period.

ARK Next Generation Internation ETF Stock Performance

Shares of ARKW stock opened at $115.63 on Tuesday. ARK Next Generation Internation ETF has a fifty-two week low of $64.00 and a fifty-two week high of $120.42. The company has a market capitalization of $2.36 billion, a P/E ratio of 64.77 and a beta of 2.04. The stock has a 50 day moving average price of $112.36 and a two-hundred day moving average price of $93.43.

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.