Cubist Systematic Strategies LLC Boosts Position in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Cubist Systematic Strategies LLC raised its stake in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 146.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,789 shares of the company’s stock after buying an additional 8,186 shares during the period. Cubist Systematic Strategies LLC’s holdings in ARK Next Generation Internet ETF were worth $1,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of ARK Next Generation Internet ETF by 16.5% during the third quarter. JPMorgan Chase & Co. now owns 21,583 shares of the company’s stock valued at $1,837,000 after purchasing an additional 3,055 shares in the last quarter. EWG Elevate Inc. bought a new stake in ARK Next Generation Internet ETF during the 4th quarter valued at $335,000. Wealth Management Partners LLC increased its holdings in shares of ARK Next Generation Internet ETF by 52.2% in the 4th quarter. Wealth Management Partners LLC now owns 15,052 shares of the company’s stock valued at $1,625,000 after acquiring an additional 5,164 shares during the period. Strong Tower Advisory Services grew its stake in ARK Next Generation Internet ETF by 1.0% in the fourth quarter. Strong Tower Advisory Services now owns 16,012 shares of the company’s stock valued at $1,729,000 after purchasing an additional 163 shares during the last quarter. Finally, Lam Group Inc. lifted its position in shares of ARK Next Generation Internet ETF by 835.4% during the fourth quarter. Lam Group Inc. now owns 3,040 shares of the company’s stock valued at $328,000 after buying an additional 2,715 shares during the last quarter.

ARK Next Generation Internet ETF Stock Performance

NYSEARCA:ARKW opened at $112.10 on Tuesday. The stock has a market capitalization of $1.64 billion, a P/E ratio of 27.60 and a beta of 1.91. The company’s 50-day simple moving average is $97.10 and its 200-day simple moving average is $106.16. ARK Next Generation Internet ETF has a fifty-two week low of $64.00 and a fifty-two week high of $126.12.

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.