International Assets Investment Management LLC Acquires New Holdings in ARK Next Generation Internet ETF $ARKW

International Assets Investment Management LLC acquired a new stake in ARK Next Generation Internet ETF (NYSEARCA:ARKW) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,168 shares of the company’s stock, valued at approximately $320,000.

A number of other institutional investors have also made changes to their positions in the stock. Foundations Investment Advisors LLC bought a new position in shares of ARK Next Generation Internet ETF in the 1st quarter valued at approximately $36,041,000. LPL Financial LLC raised its stake in shares of ARK Next Generation Internet ETF by 9.7% in the 1st quarter. LPL Financial LLC now owns 271,711 shares of the company’s stock valued at $25,723,000 after acquiring an additional 24,093 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of ARK Next Generation Internet ETF by 5.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 144,482 shares of the company’s stock valued at $13,678,000 after acquiring an additional 7,380 shares in the last quarter. Gradient Investments LLC raised its stake in shares of ARK Next Generation Internet ETF by 16.2% in the 2nd quarter. Gradient Investments LLC now owns 137,624 shares of the company’s stock valued at $20,316,000 after acquiring an additional 19,200 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new position in shares of ARK Next Generation Internet ETF in the 2nd quarter valued at approximately $15,301,000.

ARK Next Generation Internet ETF Stock Down 2.8%

Shares of NYSEARCA ARKW opened at $168.46 on Thursday. The business’s 50 day moving average is $166.19 and its two-hundred day moving average is $141.33. The company has a market cap of $2.41 billion, a P/E ratio of 45.71 and a beta of 1.55. ARK Next Generation Internet ETF has a 12 month low of $78.62 and a 12 month high of $183.00.

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.