Janney Montgomery Scott LLC Buys 5,570 Shares of ARK Next Generation Internet ETF $ARKW

Janney Montgomery Scott LLC increased its stake in ARK Next Generation Internet ETF (BATS:ARKW) by 8.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,584 shares of the company’s stock after acquiring an additional 5,570 shares during the period. Janney Montgomery Scott LLC’s holdings in ARK Next Generation Internet ETF were worth $9,116,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in ARK Next Generation Internet ETF by 947.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,557,386 shares of the company’s stock valued at $230,073,000 after purchasing an additional 1,408,657 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in ARK Next Generation Internet ETF by 200.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 537,572 shares of the company’s stock worth $79,416,000 after purchasing an additional 358,946 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of ARK Next Generation Internet ETF in the 3rd quarter worth about $22,627,000. UBS Group AG boosted its holdings in shares of ARK Next Generation Internet ETF by 168.4% in the 3rd quarter. UBS Group AG now owns 107,671 shares of the company’s stock worth $18,800,000 after purchasing an additional 67,550 shares in the last quarter. Finally, Anfield Capital Management LLC increased its position in shares of ARK Next Generation Internet ETF by 124.1% during the 4th quarter. Anfield Capital Management LLC now owns 95,116 shares of the company’s stock valued at $14,051,000 after purchasing an additional 52,672 shares during the last quarter.

ARK Next Generation Internet ETF Trading Down 0.9%

Shares of BATS ARKW opened at $145.18 on Friday. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 45.71 and a beta of 1.89. ARK Next Generation Internet ETF has a 1-year low of $113.36 and a 1-year high of $183.00. The stock’s 50-day moving average is $143.56 and its 200 day moving average is $138.23.

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.