Strategic Blueprint LLC Takes $240,000 Position in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Strategic Blueprint LLC bought a new stake in ARK Next Generation Internet ETF (NYSEARCA:ARKW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,220 shares of the company’s stock, valued at approximately $240,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Paladin Wealth LLC purchased a new position in shares of ARK Next Generation Internet ETF in the third quarter valued at about $51,000. Eagle Wealth Strategies LLC purchased a new position in ARK Next Generation Internet ETF in the 4th quarter worth about $202,000. Waldron Private Wealth LLC bought a new position in shares of ARK Next Generation Internet ETF during the 3rd quarter valued at $216,000. Clear Harbor Asset Management LLC lifted its stake in shares of ARK Next Generation Internet ETF by 4.6% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 3,587 shares of the company’s stock worth $305,000 after purchasing an additional 159 shares during the period. Finally, Lam Group Inc. raised its holdings in ARK Next Generation Internet ETF by 835.4% in the 4th quarter. Lam Group Inc. now owns 3,040 shares of the company’s stock worth $328,000 after purchasing an additional 2,715 shares during the period.

ARK Next Generation Internet ETF Price Performance

Shares of NYSEARCA:ARKW opened at $120.44 on Friday. The firm’s 50 day simple moving average is $113.67 and its two-hundred day simple moving average is $94.59. ARK Next Generation Internet ETF has a 1-year low of $64.00 and a 1-year high of $123.64. The company has a market capitalization of $2.46 billion, a P/E ratio of 64.77 and a beta of 2.04.

About ARK Next Generation Internet ETF

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.