4,957 Shares in ARK Next Generation Internet ETF $ARKW Purchased by StoneX Group Inc.

StoneX Group Inc. acquired a new stake in ARK Next Generation Internet ETF (BATS:ARKW) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,957 shares of the company’s stock, valued at approximately $784,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ARKW. Commonwealth Equity Services LLC bought a new position in ARK Next Generation Internet ETF in the 3rd quarter valued at approximately $9,184,000. AdvisorNet Financial Inc increased its position in ARK Next Generation Internet ETF by 65.6% in the 3rd quarter. AdvisorNet Financial Inc now owns 66,205 shares of the company’s stock valued at $10,572,000 after acquiring an additional 26,226 shares during the period. Park Avenue Securities LLC bought a new position in shares of ARK Next Generation Internet ETF during the third quarter valued at $3,564,000. Envestnet Asset Management Inc. raised its stake in shares of ARK Next Generation Internet ETF by 55.7% during the second quarter. Envestnet Asset Management Inc. now owns 47,393 shares of the company’s stock valued at $6,865,000 after acquiring an additional 16,964 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its holdings in shares of ARK Next Generation Internet ETF by 65.5% during the second quarter. Ameritas Advisory Services LLC now owns 12,996 shares of the company’s stock worth $1,883,000 after purchasing an additional 5,143 shares during the period.

ARK Next Generation Internet ETF Stock Down 1.0%

Shares of ARK Next Generation Internet ETF stock opened at $141.94 on Wednesday. ARK Next Generation Internet ETF has a twelve month low of $113.36 and a twelve month high of $168.50. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 40.13 and a beta of 1.99. The company’s fifty day moving average is $157.01 and its 200 day moving average is $143.04.

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.