Mosley Wealth Management Invests $955,000 in ARK Next Generation Internet ETF $ARKW

Mosley Wealth Management purchased a new position in shares of ARK Next Generation Internet ETF (BATS:ARKW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,462 shares of the company’s stock, valued at approximately $955,000.

Several other institutional investors and hedge funds have also modified their holdings of ARKW. Northwestern Mutual Wealth Management Co. boosted its stake in shares of ARK Next Generation Internet ETF by 947.1% during 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. Foundations Investment Advisors LLC boosted its stake in shares of ARK Next Generation Internet ETF by 200.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 537,572 shares of the company’s stock worth $79,416,000 after acquiring an additional 358,946 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of ARK Next Generation Internet ETF during the 3rd quarter worth $22,627,000. Serenus Wealth Advisors LLC purchased a new position in shares of ARK Next Generation Internet ETF during the 3rd quarter worth $16,831,000. Finally, UBS Group AG boosted its stake in shares of ARK Next Generation Internet ETF by 168.4% during the 3rd quarter. UBS Group AG now owns 107,671 shares of the company’s stock worth $18,800,000 after acquiring an additional 67,550 shares during the last quarter.

ARK Next Generation Internet ETF Price Performance

Shares of ARK Next Generation Internet ETF stock opened at $140.06 on Friday. The company’s fifty day simple moving average is $139.10 and its 200-day simple moving average is $139.22. The stock has a market capitalization of $1.99 billion, a PE 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.

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.