4,957 Shares in ARK Next Generation Internet ETF $ARKW Purchased by StoneX Group Inc.

StoneX Group Inc. purchased a new stake in shares of ARK Next Generation Internet ETF (BATS:ARKW) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,957 shares of the company’s stock, valued at approximately $784,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ARKW. AdvisorNet Financial Inc raised its position in ARK Next Generation Internet ETF by 65.6% in the 3rd quarter. AdvisorNet Financial Inc now owns 66,205 shares of the company’s stock worth $10,572,000 after purchasing an additional 26,226 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of ARK Next Generation Internet ETF in the 3rd quarter valued at $9,184,000. Envestnet Asset Management Inc. increased its stake in shares of ARK Next Generation Internet ETF by 55.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 47,393 shares of the company’s stock valued at $6,865,000 after buying an additional 16,964 shares during the period. Crescent Grove Advisors LLC raised its position in shares of ARK Next Generation Internet ETF by 2.3% during the first quarter. Crescent Grove Advisors LLC now owns 33,908 shares of the company’s stock worth $4,090,000 after acquiring an additional 750 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in shares of ARK Next Generation Internet ETF during the third quarter worth $3,564,000.

ARK Next Generation Internet ETF Stock Down 1.0%

Shares of ARKW opened at $141.94 on Wednesday. ARK Next Generation Internet ETF has a 12-month low of $113.36 and a 12-month high of $168.50. The firm has a market capitalization of $1.58 billion, a PE ratio of 40.13 and a beta of 1.99. The stock’s fifty day simple moving average is $157.01 and its 200-day simple moving average is $143.04.

About ARK Next Generation Internet ETF

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.