Kuhn & Co Investment Counsel Buys New Holdings in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Kuhn & Co Investment Counsel purchased a new position in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,000 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Nations Financial Group Inc. IA ADV boosted its holdings in ARK Next Generation Internet ETF by 13.9% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 3,248 shares of the company’s stock valued at $351,000 after purchasing an additional 396 shares in the last quarter. 17 Capital Partners LLC lifted its position in shares of ARK Next Generation Internet ETF by 10.2% during the 4th quarter. 17 Capital Partners LLC now owns 4,890 shares of the company’s stock worth $528,000 after buying an additional 451 shares during the period. Serenus Wealth Advisors LLC acquired a new stake in ARK Next Generation Internet ETF in the 4th quarter valued at $96,000. EMC Capital Management grew its position in ARK Next Generation Internet ETF by 1,282.4% in the fourth quarter. EMC Capital Management now owns 4,935 shares of the company’s stock valued at $533,000 after acquiring an additional 4,578 shares during the period. Finally, Crews Bank & Trust acquired a new position in ARK Next Generation Internet ETF during the fourth quarter worth $43,000.

ARK Next Generation Internet ETF Stock Performance

Shares of NYSEARCA:ARKW opened at $125.64 on Friday. The company’s fifty day moving average is $115.83 and its 200-day moving average is $97.57. ARK Next Generation Internet ETF has a 52 week low of $64.00 and a 52 week high of $126.12. The company has a market capitalization of $2.56 billion, a PE ratio of 64.77 and a beta of 2.04.

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.