Kingsview Wealth Management LLC Takes $6.75 Million Position in ARK Next Generation Internet ETF $ARKW

Kingsview Wealth Management LLC purchased a new stake in ARK Next Generation Internet ETF (NYSEARCA:ARKW) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 45,747 shares of the company’s stock, valued at approximately $6,753,000.

Other hedge funds have also added to or reduced their stakes in the company. PFG Advisors increased its stake in ARK Next Generation Internet ETF by 5.7% in the 2nd quarter. PFG Advisors now owns 2,443 shares of the company’s stock valued at $361,000 after buying an additional 131 shares during the last quarter. Phoenix Wealth Advisors grew its holdings in shares of ARK Next Generation Internet ETF by 1.3% in the 1st quarter. Phoenix Wealth Advisors now owns 11,081 shares of the company’s stock valued at $1,049,000 after acquiring an additional 142 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of ARK Next Generation Internet ETF by 90.2% in the second quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock valued at $51,000 after acquiring an additional 165 shares during the last quarter. Mutual Advisors LLC raised its holdings in ARK Next Generation Internet ETF by 0.7% during the second quarter. Mutual Advisors LLC now owns 26,610 shares of the company’s stock worth $4,193,000 after acquiring an additional 173 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in ARK Next Generation Internet ETF by 46.7% during the second quarter. Bank of Montreal Can now owns 660 shares of the company’s stock worth $97,000 after acquiring an additional 210 shares in the last quarter.

ARK Next Generation Internet ETF Stock Performance

Shares of NYSEARCA ARKW opened at $154.10 on Monday. The stock has a 50 day moving average price of $170.40 and a 200 day moving average price of $151.34. The stock has a market capitalization of $2.14 billion, a PE ratio of 45.71 and a beta of 1.93. ARK Next Generation Internet ETF has a 52 week low of $78.62 and a 52 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.