Baer Investment Advisory LLC Buys Shares of 22,816 ARK Next Generation Internet ETF $ARKW

Baer Investment Advisory LLC bought a new position in shares of ARK Next Generation Internet ETF (BATS:ARKW) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,816 shares of the company’s stock, valued at approximately $2,752,000. Baer Investment Advisory LLC owned 0.16% of ARK Next Generation Internet ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of ARK Next Generation Internet ETF by 947.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,557,386 shares of the company’s stock valued at $230,073,000 after purchasing an additional 1,408,657 shares during the period. Foundations Investment Advisors LLC lifted its holdings in ARK Next Generation Internet ETF by 200.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 537,572 shares of the company’s stock worth $79,416,000 after purchasing an additional 358,946 shares during the period. Quadrature Capital Ltd bought a new position in ARK Next Generation Internet ETF in the 3rd quarter valued at about $22,627,000. UBS Group AG grew its position in ARK Next Generation Internet ETF by 168.4% in the 3rd quarter. UBS Group AG now owns 107,671 shares of the company’s stock valued at $18,800,000 after buying an additional 67,550 shares in the last quarter. Finally, Anfield Capital Management LLC increased its stake in ARK Next Generation Internet ETF by 124.1% during the 4th quarter. Anfield Capital Management LLC now owns 95,116 shares of the company’s stock valued at $14,051,000 after buying an additional 52,672 shares during the period.

ARK Next Generation Internet ETF Stock Performance

ARKW stock opened at $145.18 on Friday. ARK Next Generation Internet ETF has a 52 week low of $113.36 and a 52 week high of $183.00. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 45.71 and a beta of 1.89. The firm’s 50-day moving average is $143.65 and its two-hundred day moving average is $138.28.

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