Wealthspire Advisors LLC Takes $226,000 Position in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Wealthspire Advisors LLC bought a new position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,090 shares of the company’s stock, valued at approximately $226,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ARKW. JPMorgan Chase & Co. lifted its position in shares of ARK Next Generation Internet ETF by 16.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,583 shares of the company’s stock worth $1,837,000 after acquiring an additional 3,055 shares during the period. Serenus Wealth Advisors LLC acquired a new position in ARK Next Generation Internet ETF in the fourth quarter worth $96,000. BNP Paribas Financial Markets boosted its stake in ARK Next Generation Internet ETF by 2.2% in the third quarter. BNP Paribas Financial Markets now owns 14,745 shares of the company’s stock worth $1,255,000 after purchasing an additional 314 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of ARK Next Generation Internet ETF by 3.8% during the fourth quarter. Private Advisor Group LLC now owns 28,177 shares of the company’s stock worth $3,043,000 after purchasing an additional 1,027 shares during the last quarter. Finally, 17 Capital Partners LLC increased its stake in shares of ARK Next Generation Internet ETF by 31.6% in the third quarter. 17 Capital Partners LLC now owns 4,439 shares of the company’s stock valued at $378,000 after buying an additional 1,065 shares in the last quarter.

ARK Next Generation Internet ETF Stock Down 2.4 %

Shares of NYSEARCA ARKW opened at $105.40 on Friday. ARK Next Generation Internet ETF has a 12-month low of $64.00 and a 12-month high of $126.12. The firm’s 50-day simple moving average is $115.77 and its 200 day simple moving average is $100.08. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 45.69 and a beta of 1.73.

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.