ARK Next Generation Internet ETF (NYSEARCA:ARKW) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC boosted its holdings in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 3.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,177 shares of the company’s stock after purchasing an additional 1,027 shares during the quarter. Private Advisor Group LLC’s holdings in ARK Next Generation Internet ETF were worth $3,043,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kuhn & Co Investment Counsel purchased a new position in shares of ARK Next Generation Internet ETF in the 4th quarter valued at $216,000. Nations Financial Group Inc. IA ADV increased its holdings in ARK Next Generation Internet ETF by 13.9% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 3,248 shares of the company’s stock valued at $351,000 after purchasing an additional 396 shares in the last quarter. 17 Capital Partners LLC increased its holdings in ARK Next Generation Internet ETF by 10.2% in the 4th quarter. 17 Capital Partners LLC now owns 4,890 shares of the company’s stock valued at $528,000 after purchasing an additional 451 shares in the last quarter. Serenus Wealth Advisors LLC purchased a new position in ARK Next Generation Internet ETF in the fourth quarter valued at about $96,000. Finally, EMC Capital Management lifted its stake in shares of ARK Next Generation Internet ETF by 1,282.4% during the fourth quarter. EMC Capital Management now owns 4,935 shares of the company’s stock worth $533,000 after purchasing an additional 4,578 shares in the last quarter.

ARK Next Generation Internet ETF Stock Performance

ARKW stock opened at $112.41 on Tuesday. The firm has a market cap of $2.29 billion, a P/E ratio of 64.77 and a beta of 2.04. ARK Next Generation Internet ETF has a 1 year low of $64.00 and a 1 year high of $126.12. The stock has a 50-day simple moving average of $116.37 and a 200-day simple moving average of $99.47.

ARK Next Generation Internet 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.