EMC Capital Management Boosts Stake in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

EMC Capital Management grew its position in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 1,282.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,935 shares of the company’s stock after buying an additional 4,578 shares during the quarter. EMC Capital Management’s holdings in ARK Next Generation Internet ETF were worth $533,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Crews Bank & Trust bought a new position in ARK Next Generation Internet ETF during the fourth quarter valued at about $43,000. Strategic Blueprint LLC purchased a new position in ARK Next Generation Internet ETF in the fourth quarter valued at about $240,000. PFG Investments LLC grew its position in shares of ARK Next Generation Internet ETF by 12.2% during the 4th quarter. PFG Investments LLC now owns 3,066 shares of the company’s stock valued at $331,000 after acquiring an additional 333 shares during the period. Gradient Investments LLC increased its stake in shares of ARK Next Generation Internet ETF by 22.3% during the 4th quarter. Gradient Investments LLC now owns 144,433 shares of the company’s stock worth $15,596,000 after purchasing an additional 26,302 shares during the last quarter. Finally, Eagle Wealth Strategies LLC bought a new stake in shares of ARK Next Generation Internet ETF in the 4th quarter worth approximately $202,000.

ARK Next Generation Internet ETF Trading Up 1.4 %

Shares of NYSEARCA ARKW opened at $121.70 on Thursday. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04. The stock has a fifty day simple moving average of $112.84 and a two-hundred day simple moving average of $93.96. ARK Next Generation Internet ETF has a 1-year low of $64.00 and a 1-year high of $120.68.

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.