Wealth Enhancement Advisory Services LLC Grows Position in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Wealth Enhancement Advisory Services LLC raised its holdings in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 59.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,177 shares of the company’s stock after buying an additional 1,558 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in ARK Next Generation Internet ETF were worth $451,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ARKW. Nations Financial Group Inc. IA ADV grew its holdings in shares of 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 worth $351,000 after buying an additional 396 shares in the last quarter. Kuhn & Co Investment Counsel purchased a new stake in shares of ARK Next Generation Internet ETF during the fourth quarter worth $216,000. Private Advisor Group LLC grew its holdings in shares of 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 worth $3,043,000 after buying an additional 1,027 shares in the last quarter. Bradley Foster & Sargent Inc. CT purchased a new stake in shares of ARK Next Generation Internet ETF during the fourth quarter worth $222,000. Finally, Sigma Planning Corp purchased a new stake in shares of ARK Next Generation Internet ETF during the fourth quarter worth $241,000.

ARK Next Generation Internet ETF Stock Down 1.9%

ARK Next Generation Internet ETF stock 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 company has a fifty day simple moving average of $109.08 and a 200-day simple moving average of $109.86. The firm has a market capitalization of $1.84 billion, a price-to-earnings 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.