Mutual Advisors LLC Purchases 173 Shares of ARK Next Generation Internet ETF $ARKW

Mutual Advisors LLC lifted its position in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,610 shares of the company’s stock after acquiring an additional 173 shares during the quarter. Mutual Advisors LLC owned approximately 0.18% of ARK Next Generation Internet ETF worth $4,193,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ARKW. MGB Wealth Management LLC bought a new position in shares of ARK Next Generation Internet ETF during the 1st quarter worth $28,000. Banque Transatlantique SA purchased a new stake in ARK Next Generation Internet ETF during the 1st quarter worth about $73,000. Global Trust Asset Management LLC purchased a new stake in ARK Next Generation Internet ETF during the 2nd quarter worth about $105,000. James J. Burns & Company LLC purchased a new stake in ARK Next Generation Internet ETF during the 2nd quarter worth about $230,000. Finally, Ignite Planners LLC purchased a new stake in ARK Next Generation Internet ETF during the 2nd quarter worth about $246,000.

ARK Next Generation Internet ETF Stock Performance

Shares of ARKW opened at $174.38 on Thursday. The stock’s 50-day simple moving average is $165.07 and its 200 day simple moving average is $138.64. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 45.71 and a beta of 1.55. ARK Next Generation Internet ETF has a 52-week low of $78.62 and a 52-week high of $183.00.

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.