Prosperity Wealth Management Inc. Raises Position in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Prosperity Wealth Management Inc. grew its position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 60.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,589 shares of the company’s stock after buying an additional 3,235 shares during the period. Prosperity Wealth Management Inc.’s holdings in ARK Next Generation Internet ETF were worth $927,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Gradient Investments LLC raised its holdings in ARK Next Generation Internet ETF by 22.3% in the fourth quarter. Gradient Investments LLC now owns 144,433 shares of the company’s stock worth $15,596,000 after buying an additional 26,302 shares during the last quarter. Serenus Wealth Advisors LLC purchased a new position in ARK Next Generation Internet ETF in the fourth quarter worth about $96,000. Raymond James Financial Inc. purchased a new position in ARK Next Generation Internet ETF in the fourth quarter worth about $7,263,000. Private Advisor Group LLC raised its holdings in ARK Next Generation Internet ETF by 3.8% in the fourth quarter. Private Advisor Group LLC now owns 28,177 shares of the company’s stock worth $3,043,000 after buying an additional 1,027 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in ARK Next Generation Internet ETF by 16.5% in the third quarter. JPMorgan Chase & Co. now owns 21,583 shares of the company’s stock worth $1,837,000 after buying an additional 3,055 shares during the last quarter.

ARK Next Generation Internet ETF Stock Up 2.2 %

ARKW opened at $93.59 on Wednesday. The firm has a 50 day moving average price of $113.98 and a 200-day moving average price of $101.71. ARK Next Generation Internet ETF has a twelve month low of $64.00 and a twelve month high of $126.12. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 45.69 and a beta of 1.73.

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.