1,871 Shares in ARK Next Generation Internet ETF (NYSEARCA:ARKW) Acquired by Brown Financial Advisors

Brown Financial Advisors acquired a new stake in ARK Next Generation Internet ETF (NYSEARCA:ARKW) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,871 shares of the company’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of ARKW. Allworth Financial LP increased its stake in shares of ARK Next Generation Internet ETF by 2.1% in the third quarter. Allworth Financial LP now owns 5,871 shares of the company’s stock valued at $500,000 after buying an additional 121 shares in the last quarter. Clear Harbor Asset Management LLC grew its holdings in ARK Next Generation Internet ETF by 4.6% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 3,587 shares of the company’s stock worth $305,000 after acquiring an additional 159 shares during the last quarter. Strong Tower Advisory Services increased its position in ARK Next Generation Internet ETF by 1.0% in the 4th quarter. Strong Tower Advisory Services now owns 16,012 shares of the company’s stock valued at $1,729,000 after acquiring an additional 163 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of 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 acquiring an additional 314 shares during the last quarter. Finally, PFG Investments LLC lifted its position in shares of ARK Next Generation Internet ETF by 12.2% during the fourth quarter. PFG Investments LLC now owns 3,066 shares of the company’s stock worth $331,000 after purchasing an additional 333 shares in the last quarter.

ARK Next Generation Internet ETF Price Performance

Shares of ARK Next Generation Internet ETF stock opened at $112.41 on Tuesday. The firm 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 has a fifty-two week low of $64.00 and a fifty-two week high of $126.12. 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 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.