Avantax Advisory Services Inc. Buys 626 Shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Avantax Advisory Services Inc. increased its position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,686 shares of the company’s stock after purchasing an additional 626 shares during the period. Avantax Advisory Services Inc. owned approximately 0.08% of ARK Next Generation Internet ETF worth $1,802,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in shares of ARK Next Generation Internet ETF by 1,454.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 373 shares of the company’s stock worth $40,000 after buying an additional 349 shares in the last quarter. Crews Bank & Trust bought a new position in ARK Next Generation Internet ETF in the 4th quarter valued at approximately $43,000. Farther Finance Advisors LLC boosted its stake in ARK Next Generation Internet ETF by 37.4% during the 4th quarter. Farther Finance Advisors LLC now owns 603 shares of the company’s stock valued at $65,000 after purchasing an additional 164 shares during the last quarter. Serenus Wealth Advisors LLC purchased a new stake in ARK Next Generation Internet ETF during the 4th quarter valued at $96,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of ARK Next Generation Internet ETF in the 4th quarter worth $128,000.

ARK Next Generation Internet ETF Price Performance

Shares of NYSEARCA:ARKW opened at $97.38 on Tuesday. ARK Next Generation Internet ETF has a 1 year low of $64.00 and a 1 year high of $126.12. The company has a market cap of $1.52 billion, a P/E ratio of 45.55 and a beta of 1.84. The stock’s fifty day moving average price is $112.70 and its 200-day moving average price is $102.16.

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.