Steward Partners Investment Advisory LLC Increases Stock Position in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Steward Partners Investment Advisory LLC grew its position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 18,259 shares of the company’s stock after purchasing an additional 520 shares during the period. Steward Partners Investment Advisory LLC’s holdings in ARK Next Generation Internet ETF were worth $1,972,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Gradient Investments LLC raised its holdings in shares of ARK Next Generation Internet ETF by 22.3% in the fourth quarter. Gradient Investments LLC now owns 144,433 shares of the company’s stock valued at $15,596,000 after purchasing an additional 26,302 shares during the last quarter. Serenus Wealth Advisors LLC purchased a new stake in shares of ARK Next Generation Internet ETF in the fourth quarter valued at about $96,000. Private Advisor Group LLC raised its holdings in shares of ARK Next Generation Internet ETF by 3.8% in the fourth quarter. Private Advisor Group LLC now owns 28,177 shares of the company’s stock valued at $3,043,000 after purchasing an additional 1,027 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of ARK Next Generation Internet 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 purchasing an additional 3,055 shares during the last quarter. Finally, Marshall Investment Management LLC purchased a new stake in shares of ARK Next Generation Internet ETF in the fourth quarter valued at about $1,768,000.

ARK Next Generation Internet ETF Stock Performance

ARKW opened at $100.82 on Friday. The firm has a market cap of $1.60 billion, a P/E ratio of 45.69 and a beta of 1.73. The firm has a 50-day moving average of $114.63 and a 200 day moving average of $101.39. ARK Next Generation Internet ETF has a fifty-two week low of $64.00 and a fifty-two week high of $126.12.

About ARK Next Generation Internet 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.