Wetzel Investment Advisors Inc. Makes New Investment in ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Wetzel Investment Advisors Inc. bought a new stake in ARK Next Generation Internation ETF (NYSEARCA:ARKW) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 500 shares of the company’s stock, valued at approximately $38,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Stanley grew its position in ARK Next Generation Internation ETF by 9.9% during the 4th quarter. Morgan Stanley now owns 607,337 shares of the company’s stock worth $23,413,000 after acquiring an additional 54,575 shares during the last quarter. Bank of America Corp DE increased its stake in shares of ARK Next Generation Internation ETF by 0.5% in the fourth quarter. Bank of America Corp DE now owns 440,504 shares of the company’s stock valued at $16,981,000 after buying an additional 2,315 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of ARK Next Generation Internation ETF in the fourth quarter valued at about $309,080,000. Royal Bank of Canada lifted its position in ARK Next Generation Internation ETF by 147.0% during the 1st quarter. Royal Bank of Canada now owns 290,089 shares of the company’s stock worth $25,300,000 after buying an additional 172,639 shares in the last quarter. Finally, Priebe Wealth Holdings LLC bought a new stake in ARK Next Generation Internation ETF during the 4th quarter worth about $11,626,000.

ARK Next Generation Internation ETF Trading Down 2.1 %

ARKW opened at $72.82 on Monday. ARK Next Generation Internation ETF has a 1-year low of $45.50 and a 1-year high of $85.00. The stock has a market capitalization of $1.51 billion, a PE ratio of 69.80 and a beta of 1.55. The firm has a 50-day moving average price of $79.40 and a two-hundred day moving average price of $70.54.

ARK Next Generation Internation 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.