Northwestern Mutual Wealth Management Co. raised its stake in ARK Next Generation Internet ETF (BATS:ARKW – Free Report) by 947.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,557,386 shares of the company’s stock after purchasing an additional 1,408,657 shares during the period. Northwestern Mutual Wealth Management Co. owned about 11.45% of ARK Next Generation Internet ETF worth $230,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of ARKW. Rossby Financial LCC acquired a new stake in ARK Next Generation Internet ETF in the 3rd quarter valued at about $25,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of ARK Next Generation Internet ETF in the 3rd quarter valued at about $43,000. Golden State Wealth Management LLC increased its holdings in shares of ARK Next Generation Internet ETF by 66.7% in the 3rd quarter. Golden State Wealth Management LLC now owns 250 shares of the company’s stock valued at $44,000 after acquiring an additional 100 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of ARK Next Generation Internet ETF in the 2nd quarter valued at about $46,000. Finally, Wealth Watch Advisors INC purchased a new position in shares of ARK Next Generation Internet ETF in the 3rd quarter valued at about $48,000.
ARK Next Generation Internet ETF Stock Performance
ARKW opened at $143.11 on Friday. ARK Next Generation Internet ETF has a one year low of $113.36 and a one year high of $183.00. The company has a market cap of $2.03 billion, a P/E ratio of 45.71 and a beta of 1.89. The business’s 50-day simple moving average is $131.83 and its 200-day simple moving average is $142.00.
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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