1,186 Shares in ARK Next Generation Internet ETF (NYSEARCA:ARKW) Acquired by Whipplewood Advisors LLC

Whipplewood Advisors LLC acquired a new position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,186 shares of the company’s stock, valued at approximately $128,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARKW. Serenus Wealth Advisors LLC acquired a new position in shares of ARK Next Generation Internet ETF in the fourth quarter worth approximately $96,000. Gradient Investments LLC increased its holdings in 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 worth $15,596,000 after purchasing an additional 26,302 shares in the last quarter. Marshall Investment Management LLC bought a new stake in ARK Next Generation Internet ETF in the fourth quarter worth approximately $1,768,000. Atria Investments Inc bought a new stake in ARK Next Generation Internet ETF in the third quarter worth approximately $923,000. Finally, Wealth Management Partners LLC increased its holdings in ARK Next Generation Internet ETF by 52.2% in the fourth quarter. Wealth Management Partners LLC now owns 15,052 shares of the company’s stock worth $1,625,000 after purchasing an additional 5,164 shares in the last quarter.

ARK Next Generation Internet ETF Stock Performance

Shares of ARKW stock opened at $105.40 on Friday. The company has a market cap of $1.68 billion, a P/E ratio of 45.69 and a beta of 1.73. The stock has a 50 day simple moving average of $115.77 and a two-hundred day simple moving average of $100.08. ARK Next Generation Internet ETF has a fifty-two week low of $64.00 and a fifty-two week high of $126.12.

ARK Next Generation Internet 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.