Prosperity Wealth Management Inc. Purchases 1,100 Shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Prosperity Wealth Management Inc. increased its position in ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,774 shares of the company’s stock after purchasing an additional 1,100 shares during the period. ARK Next Generation Internation ETF makes up 0.8% of Prosperity Wealth Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Prosperity Wealth Management Inc.’s holdings in ARK Next Generation Internation ETF were worth $1,273,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BOK Financial Private Wealth Inc. acquired a new position in shares of ARK Next Generation Internation ETF during the third quarter valued at about $25,000. AdvisorNet Financial Inc grew its position in ARK Next Generation Internation ETF by 13,025.0% in the 4th quarter. AdvisorNet Financial Inc now owns 525 shares of the company’s stock worth $40,000 after purchasing an additional 521 shares in the last quarter. Comerica Bank bought a new position in shares of ARK Next Generation Internation ETF in the third quarter valued at approximately $32,000. NBC Securities Inc. purchased a new stake in shares of ARK Next Generation Internation ETF during the 3rd quarter valued at $35,000. Finally, PNC Financial Services Group Inc. raised its position in ARK Next Generation Internation ETF by 46.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 736 shares of the company’s stock worth $28,000 after acquiring an additional 233 shares during the period.

ARK Next Generation Internation ETF Trading Down 1.6 %

Shares of ARKW stock traded down $1.17 during trading hours on Wednesday, hitting $74.08. 78,563 shares of the company were exchanged, compared to its average volume of 263,424. ARK Next Generation Internation ETF has a 52-week low of $45.50 and a 52-week high of $85.00. The firm has a fifty day simple moving average of $79.45 and a 200 day simple moving average of $70.10. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 69.80 and a beta of 1.55.

About ARK Next Generation Internation 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.