Foundations Investment Advisors LLC Raises Position in ARK Next Generation Internet ETF $ARKW

Foundations Investment Advisors LLC raised its stake in shares of ARK Next Generation Internet ETF (BATS:ARKW) by 200.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 537,572 shares of the company’s stock after purchasing an additional 358,946 shares during the period. ARK Next Generation Internet ETF accounts for about 1.0% of Foundations Investment Advisors LLC’s portfolio, making the stock its 20th biggest position. Foundations Investment Advisors LLC’s holdings in ARK Next Generation Internet ETF were worth $79,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of ARK Next Generation Internet ETF by 947.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,557,386 shares of the company’s stock worth $230,073,000 after acquiring an additional 1,408,657 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of ARK Next Generation Internet ETF in the 3rd quarter worth about $22,627,000. Serenus Wealth Advisors LLC bought a new stake in shares of ARK Next Generation Internet ETF in the 3rd quarter worth about $16,831,000. UBS Group AG raised its holdings in shares of ARK Next Generation Internet ETF by 168.4% in 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 during the period. Finally, Anfield Capital Management LLC lifted its stake 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 worth $14,051,000 after acquiring an additional 52,672 shares during the last quarter.

ARK Next Generation Internet ETF Stock Up 0.1%

Shares of ARK Next Generation Internet ETF stock opened at $146.16 on Thursday. ARK Next Generation Internet ETF has a 52 week low of $113.36 and a 52 week high of $183.00. The company has a market capitalization of $2.08 billion, a PE ratio of 45.71 and a beta of 1.89. The stock’s fifty day moving average is $134.35 and its two-hundred day moving average is $140.06.

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.