Wealthspire Advisors LLC Makes New Investment in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Wealthspire Advisors LLC purchased a new stake in ARK Next Generation Internet ETF (NYSEARCA:ARKW) in the fourth quarter, HoldingsChannel reports. The firm purchased 2,090 shares of the company’s stock, valued at approximately $226,000.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in 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 in the last quarter. Serenus Wealth Advisors LLC bought a new position in shares of ARK Next Generation Internet ETF during the fourth quarter worth $96,000. BNP Paribas Financial Markets grew its holdings in shares of ARK Next Generation Internet ETF by 2.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,745 shares of the company’s stock valued at $1,255,000 after buying an additional 314 shares during the period. Private Advisor Group LLC increased its position in shares of ARK Next Generation Internet ETF by 3.8% in the 4th quarter. Private Advisor Group LLC now owns 28,177 shares of the company’s stock valued at $3,043,000 after buying an additional 1,027 shares in the last quarter. Finally, 17 Capital Partners LLC increased its position in shares of ARK Next Generation Internet ETF by 31.6% in the 3rd 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 Trading Down 2.4 %

ARKW stock opened at $105.40 on Friday. ARK Next Generation Internet ETF has a 1-year low of $64.00 and a 1-year high of $126.12. The firm has a market cap of $1.68 billion, a PE ratio of 45.69 and a beta of 1.73. The business’s 50-day moving average price is $115.77 and its two-hundred day moving average price is $100.08.

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.