Cwm LLC Raises Stake in ARK Next Generation Internet ETF $ARKW

Cwm LLC boosted its holdings in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 61,756 shares of the company’s stock after purchasing an additional 3,523 shares during the period. Cwm LLC owned approximately 0.42% of ARK Next Generation Internet ETF worth $9,116,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Foundations Investment Advisors LLC purchased a new position in ARK Next Generation Internet ETF during the 1st quarter worth $36,041,000. LPL Financial LLC grew its position in ARK Next Generation Internet ETF by 9.7% during the 1st quarter. LPL Financial LLC now owns 271,711 shares of the company’s stock worth $25,723,000 after purchasing an additional 24,093 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of ARK Next Generation Internet ETF by 5.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 144,482 shares of the company’s stock valued at $13,678,000 after acquiring an additional 7,380 shares in the last quarter. Gradient Investments LLC boosted its holdings in shares of ARK Next Generation Internet ETF by 16.2% in the second quarter. Gradient Investments LLC now owns 137,624 shares of the company’s stock valued at $20,316,000 after acquiring an additional 19,200 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in shares of ARK Next Generation Internet ETF in the second quarter valued at about $15,301,000.

ARK Next Generation Internet ETF Stock Down 1.3%

Shares of NYSEARCA:ARKW opened at $172.15 on Wednesday. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 45.71 and a beta of 1.55. The firm’s 50-day simple moving average is $164.72 and its 200-day simple moving average is $138.39. ARK Next Generation Internet ETF has a fifty-two week low of $78.62 and a fifty-two week high of $183.00.

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.