Relyea Zuckerberg Hanson LLC Has $5.26 Million Position in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Relyea Zuckerberg Hanson LLC lessened its position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 6.7% in the first quarter, Holdings Channel.com reports. The firm owned 55,588 shares of the company’s stock after selling 3,976 shares during the quarter. ARK Next Generation Internet ETF comprises 0.7% of Relyea Zuckerberg Hanson LLC’s portfolio, making the stock its 29th biggest holding. Relyea Zuckerberg Hanson LLC’s holdings in ARK Next Generation Internet ETF were worth $5,263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. National Bank of Canada FI acquired a new position in ARK Next Generation Internet ETF in the 4th quarter worth about $30,000. Tower Research Capital LLC TRC increased its stake in shares of ARK Next Generation Internet ETF by 39.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 298 shares of the company’s stock valued at $32,000 after buying an additional 84 shares during the period. BOKF NA acquired a new stake in shares of ARK Next Generation Internet ETF in the fourth quarter valued at about $37,000. NBC Securities Inc. acquired a new stake in shares of ARK Next Generation Internet ETF in the first quarter valued at about $38,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of ARK Next Generation Internet ETF by 1,454.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 373 shares of the company’s stock valued at $40,000 after buying an additional 349 shares during the period.

ARK Next Generation Internet ETF Trading Down 1.9%

Shares of ARKW stock opened at $129.88 on Friday. The stock has a 50-day moving average of $109.08 and a 200-day moving average of $109.86. ARK Next Generation Internet ETF has a 1-year low of $64.00 and a 1-year high of $133.68. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 35.29 and a beta of 1.89.

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.