Echo Wealth Management LLC Decreases Stock Position in ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Echo Wealth Management LLC lowered its position in shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 10.7% during the fourth quarter, HoldingsChannel reports. The firm owned 2,310 shares of the company’s stock after selling 276 shares during the period. Echo Wealth Management LLC’s holdings in ARK Next Generation Internation ETF were worth $249,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake 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 purchasing an additional 12,582 shares in the last quarter. Gradient Investments LLC increased its stake in shares of ARK Next Generation Internation ETF by 22.3% in the fourth quarter. Gradient Investments LLC now owns 144,433 shares of the company’s stock worth $15,596,000 after buying an additional 26,302 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in ARK Next Generation Internation ETF by 16.5% in the third quarter. JPMorgan Chase & Co. now owns 21,583 shares of the company’s stock valued at $1,837,000 after acquiring an additional 3,055 shares in the last quarter. Smith Anglin Financial LLC boosted its stake in ARK Next Generation Internation ETF by 1.2% during the 3rd quarter. Smith Anglin Financial LLC now owns 19,383 shares of the company’s stock valued at $1,650,000 after acquiring an additional 227 shares during the last quarter. Finally, Mattson Financial Services LLC acquired a new position in ARK Next Generation Internation ETF during the 2nd quarter worth $1,294,000.

ARK Next Generation Internation ETF Stock Performance

Shares of ARKW stock opened at $118.81 on Friday. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04. ARK Next Generation Internation ETF has a one year low of $64.00 and a one year high of $120.42. The company’s 50-day simple moving average is $112.36 and its 200-day simple moving average is $93.25.

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.