Osbon Capital Management LLC Buys Shares of 6,081 ARK Next Generation Internet ETF $ARKW

Osbon Capital Management LLC bought a new stake in shares of ARK Next Generation Internet ETF (BATS:ARKW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,081 shares of the company’s stock, valued at approximately $898,000. ARK Next Generation Internet ETF comprises approximately 0.8% of Osbon Capital Management LLC’s investment portfolio, making the stock its 24th biggest holding.

Other hedge funds have also made changes to their positions in the company. MAI Capital Management grew its stake in ARK Next Generation Internet ETF by 7.3% during the 3rd quarter. MAI Capital Management now owns 1,191 shares of the company’s stock worth $208,000 after buying an additional 81 shares during the last quarter. Ausdal Financial Partners Inc. lifted its stake in ARK Next Generation Internet ETF by 4.5% in the third quarter. Ausdal Financial Partners Inc. now owns 2,065 shares of the company’s stock valued at $361,000 after buying an additional 88 shares during the last quarter. Scotia Capital Inc. boosted its holdings in shares of ARK Next Generation Internet ETF by 4.2% during the third quarter. Scotia Capital Inc. now owns 2,227 shares of the company’s stock valued at $389,000 after acquiring an additional 90 shares during the period. Diversify Advisory Services LLC boosted its holdings in shares of ARK Next Generation Internet ETF by 5.4% during the third quarter. Diversify Advisory Services LLC now owns 1,775 shares of the company’s stock valued at $311,000 after acquiring an additional 91 shares during the period. Finally, Brookstone Capital Management grew its position in shares of ARK Next Generation Internet ETF by 0.4% during the fourth quarter. Brookstone Capital Management now owns 26,760 shares of the company’s stock worth $3,953,000 after acquiring an additional 110 shares during the last quarter.

ARK Next Generation Internet ETF Price Performance

ARKW stock opened at $146.63 on Friday. The stock has a market cap of $2.08 billion, a PE ratio of 45.71 and a beta of 1.89. The firm’s 50-day simple moving average is $141.86 and its 200 day simple moving average is $139.19. ARK Next Generation Internet ETF has a fifty-two week low of $113.36 and a fifty-two week high of $183.00.

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. ARKW was launched on Sep 30, 2014 and is issued by ARK.