ARK Next Generation Internet ETF $ARKW Shares Acquired by Osaic Holdings Inc.

Osaic Holdings Inc. lifted its stake in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 13.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,826 shares of the company’s stock after purchasing an additional 7,553 shares during the quarter. Osaic Holdings Inc. owned about 0.43% of ARK Next Generation Internet ETF worth $9,427,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new position in ARK Next Generation Internet ETF during the 2nd quarter worth $46,000. PNC Financial Services Group Inc. increased its stake in shares of ARK Next Generation Internet ETF by 90.2% during the second quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock worth $51,000 after acquiring an additional 165 shares during the period. Avion Wealth acquired a new position in shares of ARK Next Generation Internet ETF during the second quarter worth about $53,000. Bank of Montreal Can raised its holdings 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 purchasing an additional 210 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in ARK Next Generation Internet ETF in the second quarter valued at about $105,000.

ARK Next Generation Internet ETF Trading Up 2.3%

NYSEARCA ARKW opened at $154.55 on Friday. The business’s 50 day moving average is $160.89 and its two-hundred day moving average is $157.48. 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 capitalization of $2.15 billion, a price-to-earnings 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. ARKW was launched on Sep 30, 2014 and is managed by ARK.