Northwestern Mutual Wealth Management Co. Increases Stock Position in ARK Next Generation Internet ETF $ARKW

Northwestern Mutual Wealth Management Co. grew its stake in shares of ARK Next Generation Internet ETF (BATS:ARKW) by 3.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 154,089 shares of the company’s stock after buying an additional 5,360 shares during the period. Northwestern Mutual Wealth Management Co. owned 1.13% of ARK Next Generation Internet ETF worth $22,763,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Foundations Investment Advisors LLC grew its stake in shares of ARK Next Generation Internet ETF by 200.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 537,572 shares of the company’s stock valued at $79,416,000 after buying an additional 358,946 shares during the period. Gradient Investments LLC boosted its position in ARK Next Generation Internet ETF by 14.9% during the 4th quarter. Gradient Investments LLC now owns 190,317 shares of the company’s stock worth $28,115,000 after purchasing an additional 24,701 shares during the period. CWM LLC boosted its position in ARK Next Generation Internet ETF by 20.1% during the 4th quarter. CWM LLC now owns 140,200 shares of the company’s stock worth $20,712,000 after purchasing an additional 23,467 shares during the period. Quadrature Capital Ltd purchased a new stake in ARK Next Generation Internet ETF during the 3rd quarter worth $22,627,000. Finally, UBS Group AG boosted its position in ARK Next Generation Internet ETF by 168.4% during the 3rd quarter. UBS Group AG now owns 107,671 shares of the company’s stock worth $18,800,000 after purchasing an additional 67,550 shares during the period.

ARK Next Generation Internet ETF Stock Performance

Shares of ARK Next Generation Internet ETF stock opened at $152.99 on Monday. The company has a fifty day moving average price of $135.22 and a 200 day moving average price of $139.92. ARK Next Generation Internet ETF has a twelve month low of $113.36 and a twelve month high of $183.00. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 45.71 and a beta of 1.89.

ARK Next Generation Internet ETF 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. ARKW was launched on Sep 30, 2014 and is issued by ARK.