ARK Next Generation Internet ETF $ARKW Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its stake in shares of ARK Next Generation Internet ETF (BATS:ARKW) by 947.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,557,386 shares of the company’s stock after acquiring an additional 1,408,657 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.11% of ARK Next Generation Internet ETF worth $230,073,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ARKW. Quadrature Capital Ltd purchased a new stake in ARK Next Generation Internet ETF during the third quarter worth about $22,627,000. Serenus Wealth Advisors LLC purchased a new stake in ARK Next Generation Internet ETF during the third quarter worth about $16,831,000. UBS Group AG boosted its holdings in ARK Next Generation Internet ETF by 168.4% during the third quarter. UBS Group AG now owns 107,671 shares of the company’s stock worth $18,800,000 after buying an additional 67,550 shares in the last quarter. Anfield Capital Management LLC boosted its holdings in ARK Next Generation Internet ETF by 124.1% during the fourth quarter. Anfield Capital Management LLC now owns 95,116 shares of the company’s stock worth $14,051,000 after buying an additional 52,672 shares in the last quarter. Finally, Horizon Wealth Management LLC purchased a new stake in ARK Next Generation Internet ETF during the third quarter worth about $5,372,000.

ARK Next Generation Internet ETF Trading Down 3.1%

ARKW stock opened at $143.11 on Friday. The company has a market cap of $2.03 billion, a P/E ratio of 45.71 and a beta of 1.89. ARK Next Generation Internet ETF has a 52 week low of $113.36 and a 52 week high of $183.00. The company’s 50-day moving average price is $131.83 and its 200 day moving average price is $142.00.

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. ARKW was launched on Sep 30, 2014 and is issued by ARK.