Northwestern Mutual Wealth Management Co. Increases Holdings in ARK Next Generation Internet ETF $ARKW

Northwestern Mutual Wealth Management Co. increased its holdings in shares of ARK Next Generation Internet ETF (BATS:ARKW) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 154,089 shares of the company’s stock after purchasing an additional 5,360 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in ARK Next Generation Internet ETF were worth $22,763,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Rossby Financial LCC purchased a new stake in ARK Next Generation Internet ETF during the 3rd quarter worth $25,000. KERR FINANCIAL PLANNING Corp purchased a new stake in ARK Next Generation Internet ETF during the 3rd quarter worth $43,000. Golden State Wealth Management LLC boosted its position in ARK Next Generation Internet ETF by 66.7% during the 3rd quarter. Golden State Wealth Management LLC now owns 250 shares of the company’s stock worth $44,000 after purchasing an additional 100 shares during the period. Wealth Watch Advisors INC purchased a new position in ARK Next Generation Internet ETF in the 3rd quarter valued at about $48,000. Finally, MGB Wealth Management LLC purchased a new position in ARK Next Generation Internet ETF in the 3rd quarter valued at about $52,000.

ARK Next Generation Internet ETF Price Performance

BATS:ARKW opened at $152.99 on Monday. The firm has a 50-day moving average of $135.22 and a two-hundred day moving average of $139.92. The stock has a market cap of $2.17 billion, a P/E ratio of 45.71 and a beta of 1.89. ARK Next Generation Internet ETF has a 1-year low of $113.36 and a 1-year 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. ARKW was launched on Sep 30, 2014 and is issued by ARK.