Wealth Management Partners LLC Acquires 8,844 Shares of ARK Next Generation Internet ETF $ARKW

Wealth Management Partners LLC increased its holdings in ARK Next Generation Internet ETF (BATS:ARKW) by 37.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 32,645 shares of the company’s stock after purchasing an additional 8,844 shares during the period. ARK Next Generation Internet ETF accounts for 1.4% of Wealth Management Partners LLC’s investment portfolio, making the stock its 16th largest holding. Wealth Management Partners LLC’s holdings in ARK Next Generation Internet ETF were worth $4,823,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Abound Wealth Management lifted its position in shares of ARK Next Generation Internet ETF by 603.8% during the fourth quarter. Abound Wealth Management now owns 373 shares of the company’s stock worth $55,000 after acquiring an additional 320 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of ARK Next Generation Internet ETF during the 4th quarter valued at $508,000. Gradient Investments LLC raised its stake in shares of ARK Next Generation Internet ETF by 14.9% during the 4th quarter. Gradient Investments LLC now owns 190,317 shares of the company’s stock valued at $28,115,000 after purchasing an additional 24,701 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in ARK Next Generation Internet ETF by 17.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,048 shares of the company’s stock worth $1,986,000 after purchasing an additional 1,892 shares in the last quarter. Finally, Tudor Investment Corp ET AL boosted its stake in ARK Next Generation Internet ETF by 112.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 10,181 shares of the company’s stock worth $1,778,000 after purchasing an additional 5,378 shares during the period.

ARK Next Generation Internet ETF Stock Down 3.5%

ARKW stock opened at $122.74 on Wednesday. The stock has a 50-day simple moving average of $131.85 and a two-hundred day simple moving average of $151.27. ARK Next Generation Internet ETF has a twelve month low of $78.62 and a twelve month high of $183.00. The firm has a market capitalization of $1.74 billion, a PE ratio of 45.71 and a beta of 1.89.

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.