Verus Capital Partners LLC Sells 32,232 Shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Verus Capital Partners LLC reduced its holdings in ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 91.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,160 shares of the company’s stock after selling 32,232 shares during the quarter. Verus Capital Partners LLC’s holdings in ARK Next Generation Internation ETF were worth $269,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ARKW. Paladin Wealth LLC bought a new stake in ARK Next Generation Internation ETF in the third quarter valued at $51,000. Opal Wealth Advisors LLC bought a new stake in shares of ARK Next Generation Internation ETF during the 2nd quarter valued at about $53,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of ARK Next Generation Internation ETF during the second quarter valued at about $88,000. Brown Financial Advisors bought a new position in ARK Next Generation Internation ETF in the second quarter worth about $108,000. Finally, Fairscale Capital LLC purchased a new stake in ARK Next Generation Internation ETF in the second quarter worth about $177,000.

ARK Next Generation Internation ETF Stock Performance

ARKW stock opened at $104.61 on Thursday. ARK Next Generation Internation ETF has a fifty-two week low of $60.38 and a fifty-two week high of $107.74. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04. The business’s 50 day moving average price is $86.01 and its two-hundred day moving average price is $80.53.

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.