International Assets Investment Management LLC Makes New $320,000 Investment in ARK Next Generation Internet ETF $ARKW

International Assets Investment Management LLC purchased a new position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) during the 2nd quarter, HoldingsChannel reports. The firm purchased 2,168 shares of the company’s stock, valued at approximately $320,000.

Several other institutional investors also recently added to or reduced their stakes in the business. MGB Wealth Management LLC bought a new stake in shares of ARK Next Generation Internet ETF during the first quarter valued at approximately $28,000. Banque Transatlantique SA bought a new stake in shares of ARK Next Generation Internet ETF during the first quarter valued at approximately $73,000. Global Trust Asset Management LLC bought a new stake in shares of ARK Next Generation Internet ETF during the second quarter valued at approximately $105,000. James J. Burns & Company LLC bought a new stake in shares of ARK Next Generation Internet ETF during the second quarter valued at approximately $230,000. Finally, Ignite Planners LLC bought a new stake in shares of ARK Next Generation Internet ETF during the second quarter valued at approximately $246,000.

ARK Next Generation Internet ETF Trading Down 2.8%

ARKW opened at $168.46 on Thursday. The stock’s 50 day simple moving average is $166.19 and its 200-day simple moving average is $141.33. The stock has a market cap of $2.41 billion, a PE ratio of 45.71 and a beta of 1.55. ARK Next Generation Internet ETF has a 1 year low of $78.62 and a 1 year high of $183.00.

About ARK Next Generation Internet ETF

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.