Prosperity Wealth Management Inc. Purchases 3,235 Shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Prosperity Wealth Management Inc. boosted its position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 60.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,589 shares of the company’s stock after acquiring an additional 3,235 shares during the period. Prosperity Wealth Management Inc.’s holdings in ARK Next Generation Internet ETF were worth $927,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ARKW. Serenus Wealth Advisors LLC bought a new stake in ARK Next Generation Internet ETF in the 4th quarter worth $96,000. Raymond James Financial Inc. bought a new stake in shares of ARK Next Generation Internet ETF during the 4th quarter valued at about $7,263,000. Gradient Investments LLC boosted 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 valued at $15,596,000 after purchasing an additional 26,302 shares in the last quarter. Marshall Investment Management LLC bought a new stake in shares of ARK Next Generation Internet ETF during the 4th quarter valued at about $1,768,000. Finally, Atria Investments Inc bought a new stake in shares of ARK Next Generation Internet ETF during the 3rd quarter valued at about $923,000.

ARK Next Generation Internet ETF Trading Up 2.2 %

Shares of ARKW opened at $93.59 on Wednesday. The firm’s 50-day moving average price is $113.98 and its 200-day moving average price is $101.71. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 45.69 and a beta of 1.73. ARK Next Generation Internet ETF has a 1-year low of $64.00 and a 1-year high of $126.12.

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.