Wealth Management Partners LLC Increases Stock Position in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Wealth Management Partners LLC lifted its holdings in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 35.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,333 shares of the company’s stock after buying an additional 5,281 shares during the quarter. ARK Next Generation Internet ETF comprises 0.9% of Wealth Management Partners LLC’s investment portfolio, making the stock its 28th biggest position. Wealth Management Partners LLC owned about 0.13% of ARK Next Generation Internet ETF worth $1,925,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ARKW. Bank of America Corp DE increased its holdings in ARK Next Generation Internet ETF by 0.7% during the 4th quarter. Bank of America Corp DE now owns 253,192 shares of the company’s stock worth $27,340,000 after acquiring an additional 1,861 shares during the period. Prudential PLC increased its holdings in ARK Next Generation Internet ETF by 16.2% during the 4th quarter. Prudential PLC now owns 109,650 shares of the company’s stock worth $11,840,000 after acquiring an additional 15,300 shares during the period. Serenus Wealth Advisors LLC bought a new stake in ARK Next Generation Internet ETF during the 4th quarter worth approximately $96,000. Raymond James Financial Inc. bought a new stake in ARK Next Generation Internet ETF during the 4th quarter worth approximately $7,263,000. Finally, Cetera Investment Advisers increased its holdings in ARK Next Generation Internet ETF by 25.9% during the 4th quarter. Cetera Investment Advisers now owns 57,194 shares of the company’s stock worth $6,176,000 after acquiring an additional 11,766 shares during the period.

ARK Next Generation Internet ETF Trading Up 0.1%

ARK Next Generation Internet ETF stock opened at $124.61 on Thursday. The firm’s 50 day simple moving average is $104.62 and its 200 day simple moving average is $108.92. The firm has a market capitalization of $1.77 billion, a PE ratio of 35.29 and a beta of 1.89. ARK Next Generation Internet ETF has a 1-year low of $64.00 and a 1-year high of $126.12.

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.