NewEdge Advisors LLC Has $437,000 Stock Holdings in ARK Next Generation Internet ETF $ARKW

NewEdge Advisors LLC decreased its position in ARK Next Generation Internet ETF (BATS:ARKW) by 49.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,626 shares of the company’s stock after selling 3,481 shares during the period. NewEdge Advisors LLC’s holdings in ARK Next Generation Internet ETF were worth $437,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of ARKW. Northwestern Mutual Wealth Management Co. raised its holdings in shares of ARK Next Generation Internet ETF by 947.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,557,386 shares of the company’s stock valued at $230,073,000 after purchasing an additional 1,408,657 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in ARK Next Generation Internet ETF by 200.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 537,572 shares of the company’s stock worth $79,416,000 after purchasing an additional 358,946 shares during the last quarter. Kestra Advisory Services LLC grew its position in ARK Next Generation Internet ETF by 5.2% in the first quarter. Kestra Advisory Services LLC now owns 126,005 shares of the company’s stock valued at $15,197,000 after purchasing an additional 6,251 shares in the last quarter. UBS Group AG grew its position 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 in the last quarter. Finally, Anfield Capital Management LLC increased its stake in ARK Next Generation Internet ETF by 124.1% in the 4th quarter. Anfield Capital Management LLC now owns 95,116 shares of the company’s stock valued at $14,051,000 after buying an additional 52,672 shares during the last quarter.

ARK Next Generation Internet ETF Stock Up 2.7%

Shares of BATS ARKW opened at $155.49 on Friday. The company has a market capitalization of $2.21 billion, a PE ratio of 45.71 and a beta of 1.89. ARK Next Generation Internet ETF has a twelve month low of $113.36 and a twelve month high of $183.00. The firm has a fifty day simple moving average of $145.14 and a 200 day simple moving average of $137.31.

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.