Janney Montgomery Scott LLC Acquires 48,389 Shares of ARK Next Generation Internet ETF $ARKW

Janney Montgomery Scott LLC lifted its holdings in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 137.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 83,701 shares of the company’s stock after purchasing an additional 48,389 shares during the period. Janney Montgomery Scott LLC owned 0.58% of ARK Next Generation Internet ETF worth $12,356,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ARKW. Wealth Enhancement Advisory Services LLC grew its holdings in shares of ARK Next Generation Internet ETF by 59.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,177 shares of the company’s stock worth $451,000 after purchasing an additional 1,558 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of ARK Next Generation Internet ETF during the first quarter valued at $38,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of ARK Next Generation Internet ETF during the first quarter valued at $213,000. DHK Financial Advisors Inc. acquired a new position in shares of ARK Next Generation Internet ETF during the first quarter valued at $436,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of ARK Next Generation Internet ETF during the first quarter valued at $65,000.

ARK Next Generation Internet ETF Stock Down 0.7%

Shares of ARKW opened at $176.36 on Friday. ARK Next Generation Internet ETF has a 12-month low of $78.62 and a 12-month high of $178.49. The firm has a market capitalization of $2.61 billion, a PE ratio of 45.71 and a beta of 1.55. The stock’s fifty day simple moving average is $161.68 and its 200-day simple moving average is $134.45.

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.