Comerica Bank Purchases 1,045 Shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Comerica Bank boosted its position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 472.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,266 shares of the company’s stock after acquiring an additional 1,045 shares during the quarter. Comerica Bank’s holdings in ARK Next Generation Internet ETF were worth $137,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. National Bank of Canada FI acquired a new position in shares of ARK Next Generation Internet ETF during the fourth quarter worth $30,000. Tower Research Capital LLC TRC lifted its holdings in shares of ARK Next Generation Internet ETF by 39.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 298 shares of the company’s stock worth $32,000 after purchasing an additional 84 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of ARK Next Generation Internet ETF by 1,454.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 373 shares of the company’s stock worth $40,000 after purchasing an additional 349 shares during the period. Crews Bank & Trust acquired a new position in shares of ARK Next Generation Internet ETF during the fourth quarter worth $43,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of ARK Next Generation Internet ETF by 37.4% during the fourth quarter. Farther Finance Advisors LLC now owns 603 shares of the company’s stock worth $65,000 after purchasing an additional 164 shares during the period.

ARK Next Generation Internet ETF Stock Performance

Shares of NYSEARCA:ARKW opened at $119.93 on Monday. The firm has a market cap of $1.74 billion, a PE ratio of 30.89 and a beta of 1.89. The firm’s fifty day moving average is $98.84 and its 200-day moving average is $106.98. ARK Next Generation Internet ETF has a 52 week low of $64.00 and a 52 week high of $126.12.

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.