Janney Montgomery Scott LLC grew its position in shares of ARK Next Generation Internet ETF (BATS:ARKW – Free Report) by 8.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,584 shares of the company’s stock after purchasing an additional 5,570 shares during the period. Janney Montgomery Scott LLC owned approximately 0.53% of ARK Next Generation Internet ETF worth $9,116,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in ARK Next Generation Internet ETF by 947.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,557,386 shares of the company’s stock valued at $230,073,000 after buying an additional 1,408,657 shares during the period. Foundations Investment Advisors LLC grew its position in ARK Next Generation Internet ETF by 200.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 537,572 shares of the company’s stock worth $79,416,000 after buying an additional 358,946 shares in the last quarter. Gradient Investments LLC increased its stake in ARK Next Generation Internet ETF by 14.9% in the 4th quarter. Gradient Investments LLC now owns 190,317 shares of the company’s stock worth $28,115,000 after acquiring an additional 24,701 shares during the last quarter. CWM LLC increased its stake in ARK Next Generation Internet ETF by 20.1% in the 4th quarter. CWM LLC now owns 140,200 shares of the company’s stock worth $20,712,000 after acquiring an additional 23,467 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of ARK Next Generation Internet ETF in the 3rd quarter valued at about $22,627,000.
ARK Next Generation Internet ETF Stock Down 0.9%
BATS:ARKW opened at $145.18 on Friday. The stock has a market cap of $2.06 billion, a P/E ratio of 45.71 and a beta of 1.89. The business’s 50-day moving average price is $143.56 and its two-hundred day moving average price is $138.23. ARK Next Generation Internet ETF has a twelve month low of $113.36 and a twelve month high of $183.00.
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. ARKW was launched on Sep 30, 2014 and is issued by ARK.
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