Copia Wealth Management Acquires 310 Shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Copia Wealth Management lifted its holdings in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 2.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 13,235 shares of the company’s stock after purchasing an additional 310 shares during the quarter. ARK Next Generation Internet ETF comprises approximately 1.2% of Copia Wealth Management’s holdings, making the stock its 21st biggest position. Copia Wealth Management’s holdings in ARK Next Generation Internet ETF were worth $1,253,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its stake in shares of ARK Next Generation Internet ETF by 39.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 298 shares of the company’s stock worth $32,000 after acquiring an additional 84 shares during the period. HighTower Advisors LLC boosted its stake in ARK Next Generation Internet ETF by 0.7% in the 4th quarter. HighTower Advisors LLC now owns 13,436 shares of the company’s stock valued at $1,451,000 after purchasing an additional 87 shares during the period. Farther Finance Advisors LLC boosted its stake in ARK Next Generation Internet ETF by 37.4% in the 4th quarter. Farther Finance Advisors LLC now owns 603 shares of the company’s stock valued at $65,000 after purchasing an additional 164 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in ARK Next Generation Internet ETF by 9.5% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 2,660 shares of the company’s stock valued at $287,000 after buying an additional 231 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in ARK Next Generation Internet ETF during the 4th quarter worth $30,000.

ARK Next Generation Internet ETF Stock Performance

ARKW stock opened at $135.90 on Tuesday. ARK Next Generation Internet ETF has a 52 week low of $64.00 and a 52 week high of $136.57. The company has a market capitalization of $1.93 billion, a PE ratio of 35.29 and a beta of 1.89. The company’s 50-day simple moving average is $111.09 and its 200 day simple moving average is $110.25.

ARK Next Generation Internet ETF Company 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.