22,253 Shares in ARK Next Generation Internet ETF $ARKW Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new stake in ARK Next Generation Internet ETF (BATS:ARKW) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 22,253 shares of the company’s stock, valued at approximately $3,564,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sterling Investment Counsel LLC boosted its holdings in shares of ARK Next Generation Internet ETF by 2.0% in the 3rd quarter. Sterling Investment Counsel LLC now owns 11,604 shares of the company’s stock worth $1,858,000 after purchasing an additional 224 shares during the period. NewEdge Advisors LLC lifted its position in ARK Next Generation Internet ETF by 6.8% in the second quarter. NewEdge Advisors LLC now owns 3,872 shares of the company’s stock worth $561,000 after buying an additional 246 shares during the last quarter. Curry Webb Wealth Management LLC bought a new stake in ARK Next Generation Internet ETF in the third quarter worth $55,000. Cassaday & Co Wealth Management LLC bought a new stake in ARK Next Generation Internet ETF in the first quarter worth $61,000. Finally, Sigma Planning Corp boosted its stake in ARK Next Generation Internet ETF by 14.8% during the first quarter. Sigma Planning Corp now owns 4,080 shares of the company’s stock worth $492,000 after buying an additional 525 shares during the period.

ARK Next Generation Internet ETF Stock Down 1.1%

ARKW stock opened at $155.16 on Friday. ARK Next Generation Internet ETF has a twelve month low of $113.36 and a twelve month high of $178.68. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 45.71 and a beta of 1.89. The firm’s fifty day simple moving average is $158.96 and its two-hundred day simple moving average is $143.27.

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 issued by ARK.