Crews Bank & Trust Buys Shares of 400 ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Crews Bank & Trust purchased a new position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 400 shares of the company’s stock, valued at approximately $43,000.

A number of other hedge funds have also recently made changes to their positions in ARKW. Allworth Financial LP increased its position in shares of ARK Next Generation Internet ETF by 2.1% during the third quarter. Allworth Financial LP now owns 5,871 shares of the company’s stock worth $500,000 after purchasing an additional 121 shares in the last quarter. Clear Harbor Asset Management LLC grew its stake in ARK Next Generation Internet ETF by 4.6% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 3,587 shares of the company’s stock worth $305,000 after buying an additional 159 shares during the last quarter. Strong Tower Advisory Services increased its position in ARK Next Generation Internet ETF by 1.0% during the 4th quarter. Strong Tower Advisory Services now owns 16,012 shares of the company’s stock valued at $1,729,000 after buying an additional 163 shares in the last quarter. Smith Anglin Financial LLC raised its stake in ARK Next Generation Internet ETF by 1.2% in the third quarter. Smith Anglin Financial LLC now owns 19,383 shares of the company’s stock valued at $1,650,000 after buying an additional 227 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of ARK Next Generation Internet ETF by 2.2% during the third quarter. BNP Paribas Financial Markets now owns 14,745 shares of the company’s stock worth $1,255,000 after acquiring an additional 314 shares during the last quarter.

ARK Next Generation Internet ETF Stock Down 1.1 %

ARKW opened at $120.44 on Friday. The firm’s 50-day moving average price is $113.67 and its 200-day moving average price is $94.59. The company has a market cap of $2.46 billion, a P/E ratio of 64.77 and a beta of 2.04. ARK Next Generation Internet ETF has a 52-week low of $64.00 and a 52-week high of $123.64.

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.