AE Wealth Management LLC Acquires 550 Shares of ARK Next Generation Internet ETF $ARKW

AE Wealth Management LLC increased its stake in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 175.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 864 shares of the company’s stock after acquiring an additional 550 shares during the quarter. AE Wealth Management LLC’s holdings in ARK Next Generation Internet ETF were worth $128,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ARKW. Phoenix Wealth Advisors grew its position in ARK Next Generation Internet ETF by 1.3% in the 1st quarter. Phoenix Wealth Advisors now owns 11,081 shares of the company’s stock worth $1,049,000 after purchasing an additional 142 shares during the last quarter. Mutual Advisors LLC lifted its stake in shares of ARK Next Generation Internet ETF by 0.7% in the second quarter. Mutual Advisors LLC now owns 26,610 shares of the company’s stock valued at $4,193,000 after buying an additional 173 shares during the period. Bank of Montreal Can grew its position in ARK Next Generation Internet ETF by 46.7% during the second quarter. Bank of Montreal Can now owns 660 shares of the company’s stock worth $97,000 after buying an additional 210 shares in the last quarter. MGB Wealth Management LLC acquired a new stake in ARK Next Generation Internet ETF during the first quarter worth about $28,000. Finally, Avion Wealth bought a new position in ARK Next Generation Internet ETF during the second quarter valued at about $53,000.

ARK Next Generation Internet ETF Stock Down 0.6%

ARK Next Generation Internet ETF stock opened at $148.99 on Wednesday. The business has a 50 day moving average price of $170.02 and a two-hundred day moving average price of $151.98. ARK Next Generation Internet ETF has a 12 month low of $78.62 and a 12 month high of $183.00. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 45.71 and a beta of 1.93.

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.