Wealth Enhancement Advisory Services LLC Increases Stock Holdings in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Wealth Enhancement Advisory Services LLC lifted its position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 59.5% in the fourth quarter, HoldingsChannel reports. The firm owned 4,177 shares of the company’s stock after buying an additional 1,558 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in ARK Next Generation Internet ETF were worth $451,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Centaurus Financial Inc. lifted its position in ARK Next Generation Internet ETF by 273.2% in the fourth quarter. Centaurus Financial Inc. now owns 5,822 shares of the company’s stock valued at $629,000 after buying an additional 4,262 shares during the last quarter. Mattson Financial Services LLC lifted its position in ARK Next Generation Internet ETF by 38.7% in the fourth quarter. Mattson Financial Services LLC now owns 22,617 shares of the company’s stock valued at $2,442,000 after buying an additional 6,307 shares during the last quarter. Copia Wealth Management acquired a new position in ARK Next Generation Internet ETF in the fourth quarter valued at about $1,396,000. Capital A Wealth Management LLC acquired a new position in ARK Next Generation Internet ETF in the fourth quarter valued at about $577,000. Finally, B. Riley Wealth Advisors Inc. lifted its position in ARK Next Generation Internet ETF by 9.5% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 2,660 shares of the company’s stock valued at $287,000 after buying an additional 231 shares during the last quarter.

ARK Next Generation Internet ETF Price Performance

NYSEARCA ARKW opened at $129.88 on Friday. The firm’s 50-day moving average is $109.08 and its two-hundred day moving average is $109.86. ARK Next Generation Internet ETF has a 12 month low of $64.00 and a 12 month high of $133.68. The stock has a market capitalization of $1.84 billion, a P/E ratio of 35.29 and a beta of 1.89.

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.