6,081 Shares in ARK Next Generation Internet ETF $ARKW Acquired by Osbon Capital Management LLC

Osbon Capital Management LLC acquired a new position in shares of ARK Next Generation Internet ETF (BATS:ARKW) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 6,081 shares of the company’s stock, valued at approximately $898,000. ARK Next Generation Internet ETF comprises approximately 0.8% of Osbon Capital Management LLC’s portfolio, making the stock its 24th biggest holding.

A number of other hedge funds have also modified their holdings of ARKW. Royal Bank of Canada lifted its holdings in shares of ARK Next Generation Internet ETF by 38.8% during the first quarter. Royal Bank of Canada now owns 26,445 shares of the company’s stock valued at $2,503,000 after purchasing an additional 7,399 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of ARK Next Generation Internet ETF by 51.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,884 shares of the company’s stock valued at $557,000 after purchasing an additional 1,987 shares during the period. NewEdge Advisors LLC lifted its position in shares of ARK Next Generation Internet ETF by 11,452.8% in the second quarter. NewEdge Advisors LLC now owns 4,159 shares of the company’s stock worth $614,000 after purchasing an additional 4,123 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of ARK Next Generation Internet ETF in the second quarter worth approximately $273,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of ARK Next Generation Internet ETF by 1.9% during the second quarter. Raymond James Financial Inc. now owns 72,775 shares of the company’s stock worth $10,743,000 after purchasing an additional 1,366 shares during the period.

ARK Next Generation Internet ETF Stock Performance

ARKW stock opened at $146.63 on Friday. The firm has a 50 day simple moving average of $141.86 and a 200 day simple moving average of $139.19. ARK Next Generation Internet ETF has a 52 week low of $113.36 and a 52 week high of $183.00. The stock has a market cap of $2.08 billion, a P/E ratio of 45.71 and a beta of 1.89.

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.