Marshall Investment Management LLC Purchases New Stake in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Marshall Investment Management LLC acquired a new stake in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 16,374 shares of the company’s stock, valued at approximately $1,768,000.

Other hedge funds have also added to or reduced their stakes in the company. Crews Bank & Trust purchased a new position in ARK Next Generation Internet ETF during the 4th quarter valued at $43,000. Eagle Wealth Strategies LLC purchased a new position in ARK Next Generation Internet ETF during the 4th quarter valued at $202,000. Kuhn & Co Investment Counsel purchased a new position in ARK Next Generation Internet ETF during the 4th quarter valued at $216,000. Bradley Foster & Sargent Inc. CT purchased a new stake in shares of ARK Next Generation Internet ETF in the 4th quarter worth about $222,000. Finally, Strategic Blueprint LLC purchased a new stake in shares of ARK Next Generation Internet ETF in the 4th quarter worth about $240,000.

ARK Next Generation Internet ETF Price Performance

NYSEARCA:ARKW opened at $114.92 on Friday. The firm’s 50-day moving average price is $116.37 and its 200-day moving average price is $99.06. The company has a market capitalization of $2.34 billion, a PE ratio of 64.77 and a beta of 2.04. 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.