Gradient Investments LLC Buys 26,302 Shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Gradient Investments LLC boosted its stake in shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 22.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 144,433 shares of the company’s stock after purchasing an additional 26,302 shares during the period. Gradient Investments LLC’s holdings in ARK Next Generation Internation ETF were worth $15,596,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ARKW. Mercer Global Advisors Inc. ADV raised its stake in ARK Next Generation Internation ETF by 1,467.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 8,791 shares of the company’s stock worth $683,000 after buying an additional 8,230 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of ARK Next Generation Internation ETF by 18.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 9,092 shares of the company’s stock valued at $709,000 after acquiring an additional 1,408 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of ARK Next Generation Internation ETF by 7.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 186,057 shares of the company’s stock worth $14,518,000 after purchasing an additional 12,582 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ARK Next Generation Internation ETF during the 2nd quarter worth $88,000. Finally, Brown Financial Advisors bought a new stake in ARK Next Generation Internation ETF during the second quarter valued at about $108,000.

ARK Next Generation Internation ETF Stock Performance

Shares of ARK Next Generation Internation ETF stock opened at $118.81 on Friday. ARK Next Generation Internation ETF has a one year low of $64.00 and a one year high of $120.42. The company has a market capitalization of $2.42 billion, a PE ratio of 64.77 and a beta of 2.04. The company has a 50-day simple moving average of $112.04 and a two-hundred day simple moving average of $92.99.

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.