NBC Securities Inc. Invests $38,000 in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

NBC Securities Inc. acquired a new position in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 406 shares of the company’s stock, valued at approximately $38,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nations Financial Group Inc. IA ADV lifted its position in ARK Next Generation Internet ETF by 13.9% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 3,248 shares of the company’s stock valued at $351,000 after purchasing an additional 396 shares during the period. Kuhn & Co Investment Counsel acquired a new position in ARK Next Generation Internet ETF during the fourth quarter valued at $216,000. Private Advisor Group LLC lifted its position in ARK Next Generation Internet ETF by 3.8% during the fourth quarter. Private Advisor Group LLC now owns 28,177 shares of the company’s stock valued at $3,043,000 after purchasing an additional 1,027 shares during the period. Bradley Foster & Sargent Inc. CT acquired a new position in shares of ARK Next Generation Internet ETF in the fourth quarter worth about $222,000. Finally, Sigma Planning Corp acquired a new position in shares of ARK Next Generation Internet ETF in the fourth quarter worth about $241,000.

ARK Next Generation Internet ETF Stock Down 1.9%

NYSEARCA:ARKW opened at $129.88 on Friday. ARK Next Generation Internet ETF has a 52 week low of $64.00 and a 52 week high of $133.68. The stock’s 50-day moving average price is $109.08 and its 200-day moving average price is $109.86. The stock has a market capitalization of $1.84 billion, a PE ratio of 35.29 and a beta of 1.89.

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.