Sterling Investment Counsel LLC Has $1.79 Million Stock Holdings in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Sterling Investment Counsel LLC increased its position in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 16.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,875 shares of the company’s stock after buying an additional 2,620 shares during the quarter. Sterling Investment Counsel LLC’s holdings in ARK Next Generation Internet ETF were worth $1,787,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI acquired a new stake in ARK Next Generation Internet ETF during the fourth quarter worth about $30,000. Tower Research Capital LLC TRC grew its position in ARK Next Generation Internet ETF by 39.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 298 shares of the company’s stock worth $32,000 after buying an additional 84 shares in the last quarter. BOKF NA acquired a new stake in ARK Next Generation Internet ETF during the fourth quarter valued at approximately $37,000. EverSource Wealth Advisors LLC boosted its holdings in ARK Next Generation Internet ETF by 1,454.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 373 shares of the company’s stock valued at $40,000 after purchasing an additional 349 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in ARK Next Generation Internet ETF during the first quarter valued at approximately $38,000.

ARK Next Generation Internet ETF Trading Up 3.6%

NYSEARCA ARKW opened at $139.17 on Thursday. The stock’s 50 day moving average is $112.80 and its two-hundred day moving average is $110.62. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 35.29 and a beta of 1.89. ARK Next Generation Internet ETF has a 1-year low of $64.00 and a 1-year high of $139.57.

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.