McElhenny Sheffield Capital Management LLC Purchases New Stake in ARK Next Generation Internet ETF $ARKW

McElhenny Sheffield Capital Management LLC bought a new stake in ARK Next Generation Internet ETF (NYSEARCA:ARKW) during the second quarter, HoldingsChannel reports. The firm bought 2,541 shares of the company’s stock, valued at approximately $401,000.

A number of other institutional investors have also modified their holdings of the stock. MGB Wealth Management LLC acquired a new stake in ARK Next Generation Internet ETF during the first quarter valued at approximately $28,000. NBC Securities Inc. acquired a new stake in ARK Next Generation Internet ETF during the first quarter valued at approximately $38,000. Opal Wealth Advisors LLC acquired a new stake in shares of ARK Next Generation Internet ETF during the 1st quarter valued at approximately $65,000. Banque Transatlantique SA acquired a new stake in shares of ARK Next Generation Internet ETF during the 1st quarter valued at approximately $73,000. Finally, Global Trust Asset Management LLC acquired a new stake in shares of ARK Next Generation Internet ETF during the 2nd quarter valued at approximately $105,000.

ARK Next Generation Internet ETF Stock Down 0.4%

ARKW opened at $181.42 on Friday. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 45.71 and a beta of 1.55. ARK Next Generation Internet ETF has a fifty-two week low of $78.62 and a fifty-two week high of $182.60. The company’s 50-day moving average price is $163.53 and its 200 day moving average price is $136.66.

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.