17 Capital Partners LLC Increases Holdings in ARK Next Generation Internet ETF $ARKW

17 Capital Partners LLC raised its holdings in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 21.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,672 shares of the company’s stock after purchasing an additional 1,166 shares during the quarter. 17 Capital Partners LLC’s holdings in ARK Next Generation Internet ETF were worth $985,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. LPL Financial LLC boosted its stake in shares of ARK Next Generation Internet ETF by 9.7% in the first quarter. LPL Financial LLC now owns 271,711 shares of the company’s stock worth $25,723,000 after buying an additional 24,093 shares during the last quarter. Foundations Investment Advisors LLC acquired a new position in ARK Next Generation Internet ETF in the first quarter valued at approximately $36,041,000. MGB Wealth Management LLC purchased a new stake in ARK Next Generation Internet ETF in the 1st quarter worth approximately $28,000. Anfield Capital Management LLC acquired a new stake in shares of ARK Next Generation Internet ETF during the 1st quarter worth approximately $8,787,000. Finally, Nations Financial Group Inc. IA ADV increased its holdings in shares of ARK Next Generation Internet ETF by 24.9% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 4,058 shares of the company’s stock valued at $384,000 after purchasing an additional 810 shares in the last quarter.

ARK Next Generation Internet ETF Price Performance

ARKW opened at $147.34 on Thursday. The firm has a fifty day moving average price of $169.78 and a 200 day moving average price of $151.95. ARK Next Generation Internet ETF has a 1 year low of $78.62 and a 1 year high of $183.00. The stock has a market cap of $2.05 billion, a P/E ratio of 45.71 and a beta of 1.93.

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.