Wealth Management Partners LLC Raises Stake in ARK Next Generation Internet ETF $ARKW

Wealth Management Partners LLC increased its stake in shares of ARK Next Generation Internet ETF (BATS:ARKW) by 37.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,645 shares of the company’s stock after buying an additional 8,844 shares during the period. ARK Next Generation Internet ETF comprises about 1.4% of Wealth Management Partners LLC’s holdings, making the stock its 16th biggest position. Wealth Management Partners LLC owned about 0.23% of ARK Next Generation Internet ETF worth $4,823,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new position in shares of ARK Next Generation Internet ETF during the 3rd quarter valued at approximately $22,627,000. Serenus Wealth Advisors LLC bought a new stake in shares of ARK Next Generation Internet ETF in the 3rd quarter worth approximately $16,831,000. UBS Group AG lifted its stake in ARK Next Generation Internet ETF by 168.4% in the third quarter. UBS Group AG now owns 107,671 shares of the company’s stock valued at $18,800,000 after purchasing an additional 67,550 shares during the last quarter. EWG Elevate Inc. purchased a new position in ARK Next Generation Internet ETF in the third quarter valued at approximately $11,231,000. Finally, CWM LLC grew its holdings in ARK Next Generation Internet ETF by 89.0% during the third quarter. CWM LLC now owns 116,733 shares of the company’s stock valued at $20,383,000 after purchasing an additional 54,977 shares during the period.

ARK Next Generation Internet ETF Price Performance

Shares of ARKW opened at $122.74 on Wednesday. ARK Next Generation Internet ETF has a 1 year low of $78.62 and a 1 year high of $183.00. The stock’s fifty day moving average price is $131.85 and its two-hundred day moving average price is $151.27. The firm has a market cap 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.