Crews Bank & Trust Takes $43,000 Position in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

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

A number of other large investors also recently bought and sold shares of the business. Paladin Wealth LLC purchased a new position in shares of ARK Next Generation Internet ETF during the third quarter worth approximately $51,000. Eagle Wealth Strategies LLC purchased a new position in ARK Next Generation Internet ETF during the 4th quarter worth $202,000. Strategic Blueprint LLC bought a new stake in ARK Next Generation Internet ETF during the 4th quarter valued at $240,000. Waldron Private Wealth LLC purchased a new stake in shares of ARK Next Generation Internet ETF in the 3rd quarter worth $216,000. Finally, Lam Group Inc. grew its position in shares of ARK Next Generation Internet ETF by 835.4% during the 4th quarter. Lam Group Inc. now owns 3,040 shares of the company’s stock worth $328,000 after buying an additional 2,715 shares in the last quarter.

ARK Next Generation Internet ETF Price Performance

ARKW stock opened at $120.44 on Friday. ARK Next Generation Internet ETF has a 1-year low of $64.00 and a 1-year high of $123.64. The business has a 50-day moving average price of $113.67 and a 200 day moving average price of $94.59. The company has a market capitalization of $2.46 billion, a P/E ratio of 64.77 and a beta of 2.04.

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.