Prudential PLC Has $11.84 Million Stake in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Prudential PLC raised its position in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 16.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,650 shares of the company’s stock after purchasing an additional 15,300 shares during the quarter. Prudential PLC owned 0.54% of ARK Next Generation Internet ETF worth $11,840,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ARKW. Serenus Wealth Advisors LLC purchased a new stake in shares of ARK Next Generation Internet ETF in the fourth quarter worth approximately $96,000. Raymond James Financial Inc. purchased a new stake in ARK Next Generation Internet ETF in the 4th quarter worth approximately $7,263,000. Gradient Investments LLC lifted its position in ARK Next Generation Internet ETF by 22.3% in the 4th 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 in the last quarter. Marshall Investment Management LLC acquired a new stake in shares of ARK Next Generation Internet ETF during the 4th quarter valued at $1,768,000. Finally, One Capital Management LLC acquired a new position in shares of ARK Next Generation Internet ETF in the fourth quarter worth $1,145,000.

ARK Next Generation Internet ETF Trading Down 6.4 %

ARKW opened at $85.38 on Friday. The stock has a fifty day moving average price of $108.24 and a 200 day moving average price of $103.74. ARK Next Generation Internet ETF has a 1 year low of $64.00 and a 1 year high of $126.12. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 30.83 and a beta of 1.91.

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.