Summit Financial LLC Purchases 1,221 Shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Summit Financial LLC boosted its position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 24.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,285 shares of the company’s stock after acquiring an additional 1,221 shares during the period. Summit Financial LLC’s holdings in ARK Next Generation Internet ETF were worth $679,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC grew its position in shares of ARK Next Generation Internet ETF by 0.7% in the fourth quarter. HighTower Advisors LLC now owns 13,436 shares of the company’s stock valued at $1,451,000 after purchasing an additional 87 shares in the last quarter. Strong Tower Advisory Services boosted its stake in ARK Next Generation Internet ETF by 1.0% in the 4th quarter. Strong Tower Advisory Services now owns 16,012 shares of the company’s stock worth $1,729,000 after purchasing an additional 163 shares during the period. Farther Finance Advisors LLC grew its holdings in ARK Next Generation Internet ETF by 37.4% during the 4th quarter. Farther Finance Advisors LLC now owns 603 shares of the company’s stock valued at $65,000 after buying an additional 164 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of ARK Next Generation Internet ETF by 2.2% during the third quarter. BNP Paribas Financial Markets now owns 14,745 shares of the company’s stock valued at $1,255,000 after buying an additional 314 shares during the period. Finally, PFG Investments LLC lifted its holdings in shares of ARK Next Generation Internet ETF by 12.2% in the fourth quarter. PFG Investments LLC now owns 3,066 shares of the company’s stock worth $331,000 after buying an additional 333 shares in the last quarter.

ARK Next Generation Internet ETF Trading Up 2.6 %

Shares of NYSEARCA:ARKW opened at $99.34 on Thursday. The company has a 50 day moving average of $109.45 and a 200 day moving average of $103.80. The stock has a market cap of $1.52 billion, a P/E ratio of 30.83 and a beta of 1.91. ARK Next Generation Internet ETF has a 12 month low of $64.00 and a 12 month high of $126.12.

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.