Savvy Advisors Inc. Invests $201,000 in ARK Next Generation Internet ETF $ARKW

Savvy Advisors Inc. purchased a new stake in ARK Next Generation Internet ETF (NYSEARCA:ARKW) in the second quarter, Holdings Channel.com reports. The firm purchased 1,365 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in ARK Next Generation Internet ETF by 51.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,884 shares of the company’s stock worth $557,000 after buying an additional 1,987 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of ARK Next Generation Internet ETF by 6.2% in the 1st quarter. Raymond James Financial Inc. now owns 71,409 shares of the company’s stock valued at $6,760,000 after buying an additional 4,151 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of ARK Next Generation Internet ETF by 137.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 83,701 shares of the company’s stock valued at $12,356,000 after buying an additional 48,389 shares during the period. Elwood & Goetz Wealth Advisory Group LLC bought a new stake in shares of ARK Next Generation Internet ETF in the 2nd quarter valued at $279,000. Finally, Smith Anglin Financial LLC raised its stake in ARK Next Generation Internet ETF by 3.0% during the 2nd quarter. Smith Anglin Financial LLC now owns 19,058 shares of the company’s stock worth $2,813,000 after buying an additional 557 shares during the period.

ARK Next Generation Internet ETF Trading Up 3.0%

ARKW stock opened at $176.90 on Monday. ARK Next Generation Internet ETF has a 1-year low of $78.62 and a 1-year high of $183.00. The firm has a market cap of $2.44 billion, a PE ratio of 45.71 and a beta of 1.93. The business’s 50-day moving average price is $168.96 and its two-hundred day moving average price is $146.69.

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.