Purus Wealth Management LLC Sells 19,997 Shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Purus Wealth Management LLC cut its position in ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 59.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,409 shares of the company’s stock after selling 19,997 shares during the quarter. Purus Wealth Management LLC owned about 0.07% of ARK Next Generation Internation ETF worth $1,448,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mattson Financial Services LLC purchased a new stake in ARK Next Generation Internation ETF during the 2nd quarter worth about $1,294,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of ARK Next Generation Internation ETF during the second quarter valued at about $88,000. BNP Paribas Financial Markets lifted its holdings in shares of ARK Next Generation Internation ETF by 2.2% in the third quarter. BNP Paribas Financial Markets now owns 14,745 shares of the company’s stock worth $1,255,000 after buying an additional 314 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of ARK Next Generation Internation ETF by 7.3% in the second 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. Finally, Brown Financial Advisors bought a new position in shares of ARK Next Generation Internation ETF in the second quarter valued at approximately $108,000.

ARK Next Generation Internation ETF Price Performance

NYSEARCA ARKW opened at $115.58 on Monday. The company’s 50 day simple moving average is $110.99 and its two-hundred day simple moving average is $92.12. ARK Next Generation Internation ETF has a 1 year low of $64.00 and a 1 year high of $120.39. The stock has a market capitalization of $2.36 billion, a PE 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.