EMC Capital Management Purchases 4,578 Shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW)

EMC Capital Management raised its holdings in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 1,282.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,935 shares of the company’s stock after purchasing an additional 4,578 shares during the period. EMC Capital Management’s holdings in ARK Next Generation Internet ETF were worth $533,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ARKW. Gradient Investments LLC lifted its stake in shares of ARK Next Generation Internet ETF by 22.3% in the 4th quarter. Gradient Investments LLC now owns 144,433 shares of the company’s stock valued at $15,596,000 after purchasing an additional 26,302 shares during the period. Mattson Financial Services LLC purchased a new position in ARK Next Generation Internet ETF during the 2nd quarter valued at about $1,294,000. Northwestern Mutual Wealth Management Co. boosted its stake in ARK Next Generation Internet ETF by 7.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 186,057 shares of the company’s stock worth $14,518,000 after acquiring an additional 12,582 shares in the last quarter. Atria Investments Inc purchased a new stake in ARK Next Generation Internet ETF in the third quarter worth about $923,000. Finally, Wealth Management Partners LLC increased its stake in shares of ARK Next Generation Internet ETF by 52.2% during the fourth quarter. Wealth Management Partners LLC now owns 15,052 shares of the company’s stock valued at $1,625,000 after purchasing an additional 5,164 shares in the last quarter.

ARK Next Generation Internet ETF Stock Up 1.4 %

Shares of ARKW opened at $121.70 on Thursday. ARK Next Generation Internet ETF has a 52 week low of $64.00 and a 52 week high of $120.68. The stock has a market cap of $2.48 billion, a P/E ratio of 64.77 and a beta of 2.04. The business’s 50 day moving average price is $112.84 and its 200-day moving average price is $93.96.

ARK Next Generation Internet ETF 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.