22,253 Shares in ARK Next Generation Internet ETF $ARKW Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC bought a new position in ARK Next Generation Internet ETF (BATS:ARKW) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 22,253 shares of the company’s stock, valued at approximately $3,564,000. Park Avenue Securities LLC owned approximately 0.16% of ARK Next Generation Internet ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc boosted its position in shares of ARK Next Generation Internet ETF by 65.6% in the third quarter. AdvisorNet Financial Inc now owns 66,205 shares of the company’s stock worth $10,572,000 after purchasing an additional 26,226 shares during the period. EMC Capital Management purchased a new stake in shares of ARK Next Generation Internet ETF in the second quarter worth $712,000. Baer Investment Advisory LLC purchased a new stake in shares of ARK Next Generation Internet ETF in the first quarter worth $2,752,000. Kestra Advisory Services LLC raised its position in shares of ARK Next Generation Internet ETF by 5.2% during the 1st 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 during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of ARK Next Generation Internet ETF by 55.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 47,393 shares of the company’s stock valued at $6,865,000 after purchasing an additional 16,964 shares during the period.

ARK Next Generation Internet ETF Stock Performance

ARKW opened at $155.16 on Friday. ARK Next Generation Internet ETF has a fifty-two week low of $113.36 and a fifty-two week high of $178.68. The firm’s fifty day moving average is $158.96 and its 200 day moving average is $143.27. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 45.71 and a beta of 1.89.

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. ARKW was launched on Sep 30, 2014 and is issued by ARK.