Avantax Advisory Services Inc. Raises Stock Position in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Avantax Advisory Services Inc. raised its stake in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,686 shares of the company’s stock after buying an additional 626 shares during the period. Avantax Advisory Services Inc.’s holdings in ARK Next Generation Internet ETF were worth $1,802,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in shares of ARK Next Generation Internet ETF by 1,454.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 373 shares of the company’s stock worth $40,000 after acquiring an additional 349 shares during the period. Crews Bank & Trust purchased a new position in ARK Next Generation Internet ETF in the fourth quarter worth about $43,000. Farther Finance Advisors LLC grew its stake in shares of 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 purchasing an additional 164 shares during the period. Serenus Wealth Advisors LLC purchased a new stake in shares of ARK Next Generation Internet ETF during the 4th quarter valued at about $96,000. Finally, Whipplewood Advisors LLC bought a new position in shares of ARK Next Generation Internet ETF in the 4th quarter worth approximately $128,000.

ARK Next Generation Internet ETF Trading Up 1.1 %

Shares of NYSEARCA ARKW opened at $97.38 on Tuesday. ARK Next Generation Internet ETF has a 12-month low of $64.00 and a 12-month high of $126.12. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 45.55 and a beta of 1.84. The firm has a 50 day moving average of $112.70 and a 200 day moving average of $102.16.

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.