92,814 Shares in ARK Next Generation Internet ETF (NYSEARCA:ARKW) Purchased by Anfield Capital Management LLC

Anfield Capital Management LLC bought a new position in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 92,814 shares of the company’s stock, valued at approximately $8,787,000. ARK Next Generation Internet ETF accounts for about 3.2% of Anfield Capital Management LLC’s investment portfolio, making the stock its 7th largest holding.

A number of other institutional investors also recently bought and sold shares of the company. Foundations Investment Advisors LLC purchased a new position in ARK Next Generation Internet ETF during the first quarter worth about $36,041,000. LPL Financial LLC raised its stake in ARK Next Generation Internet ETF by 9.7% during the first 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 period. Bank of America Corp DE raised its stake in ARK Next Generation Internet ETF by 0.7% during the fourth quarter. Bank of America Corp DE now owns 253,192 shares of the company’s stock worth $27,340,000 after purchasing an additional 1,861 shares during the period. Raymond James Financial Inc. purchased a new position in ARK Next Generation Internet ETF during the fourth quarter worth about $7,263,000. Finally, CWM LLC raised its stake in ARK Next Generation Internet ETF by 32.1% during the first quarter. CWM LLC now owns 58,233 shares of the company’s stock worth $5,513,000 after purchasing an additional 14,135 shares during the period.

ARK Next Generation Internet ETF Price Performance

Shares of ARKW stock opened at $159.77 on Tuesday. The firm’s 50-day moving average is $146.88 and its two-hundred day moving average is $120.77. ARK Next Generation Internet ETF has a 12 month low of $72.53 and a 12 month high of $163.19. The company has a market capitalization of $2.40 billion, a PE ratio of 45.71 and a beta of 1.55.

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.