Goldman Sachs Group Inc. lifted its stake in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW – Free Report) by 51.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,884 shares of the company’s stock after acquiring an additional 1,987 shares during the quarter. Goldman Sachs Group Inc.’s holdings in ARK Next Generation Internet ETF were worth $557,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. MGB Wealth Management LLC acquired a new position in shares of ARK Next Generation Internet ETF during the first quarter worth $28,000. NBC Securities Inc. acquired a new position in shares of ARK Next Generation Internet ETF during the first quarter worth $38,000. Opal Wealth Advisors LLC acquired a new position in shares of ARK Next Generation Internet ETF during the first quarter worth $65,000. Banque Transatlantique SA acquired a new position in shares of ARK Next Generation Internet ETF during the first quarter worth $73,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of ARK Next Generation Internet ETF during the first quarter worth $213,000.
ARK Next Generation Internet ETF Price Performance
NYSEARCA ARKW opened at $167.38 on Friday. ARK Next Generation Internet ETF has a 1 year low of $78.62 and a 1 year high of $174.88. The company has a market capitalization of $2.51 billion, a PE ratio of 45.71 and a beta of 1.55. The company has a fifty day moving average of $159.70 and a two-hundred day moving average of $131.16.
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.
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