Collaborative Wealth Managment Inc. Invests $249,000 in ARK Next Generation Internet ETF $ARKW

Collaborative Wealth Managment Inc. purchased a new position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,685 shares of the company’s stock, valued at approximately $249,000.

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

ARK Next Generation Internet ETF Stock Down 0.5%

Shares of NYSEARCA:ARKW opened at $154.10 on Monday. ARK Next Generation Internet ETF has a 52-week low of $78.62 and a 52-week high of $183.00. The stock has a market cap of $2.14 billion, a P/E ratio of 45.71 and a beta of 1.93. The business has a fifty day moving average of $170.40 and a two-hundred day moving average of $151.34.

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.