Foundations Investment Advisors LLC Acquires 358,946 Shares of ARK Next Generation Internet ETF $ARKW

Foundations Investment Advisors LLC grew its holdings in ARK Next Generation Internet ETF (BATS:ARKW) by 200.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 537,572 shares of the company’s stock after purchasing an additional 358,946 shares during the period. ARK Next Generation Internet ETF comprises about 1.0% of Foundations Investment Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Foundations Investment Advisors LLC owned 3.95% of ARK Next Generation Internet ETF worth $79,416,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ARKW. Royal Bank of Canada grew its holdings in shares of ARK Next Generation Internet ETF by 38.8% in the first quarter. Royal Bank of Canada now owns 26,445 shares of the company’s stock worth $2,503,000 after acquiring an additional 7,399 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of ARK Next Generation Internet ETF by 51.0% in the first quarter. Goldman Sachs Group Inc. now owns 5,884 shares of the company’s stock worth $557,000 after acquiring an additional 1,987 shares during the period. NewEdge Advisors LLC grew its holdings in shares of ARK Next Generation Internet ETF by 11,452.8% in the second quarter. NewEdge Advisors LLC now owns 4,159 shares of the company’s stock worth $614,000 after acquiring an additional 4,123 shares during the period. Diversify Advisory Services LLC bought a new stake in shares of ARK Next Generation Internet ETF in the second quarter worth $273,000. Finally, Raymond James Financial Inc. grew its holdings in shares of ARK Next Generation Internet ETF by 1.9% in the second quarter. Raymond James Financial Inc. now owns 72,775 shares of the company’s stock worth $10,743,000 after acquiring an additional 1,366 shares during the period.

ARK Next Generation Internet ETF Price Performance

Shares of ARKW opened at $146.16 on Thursday. ARK Next Generation Internet ETF has a one year low of $113.36 and a one year high of $183.00. The firm has a market capitalization of $2.08 billion, a P/E ratio of 45.71 and a beta of 1.89. The business has a fifty day moving average of $134.35 and a 200 day moving average of $140.06.

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. ARKW was launched on Sep 30, 2014 and is issued by ARK.