Marshall Investment Management LLC Invests $1.77 Million in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Marshall Investment Management LLC acquired a new position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,374 shares of the company’s stock, valued at approximately $1,768,000. Marshall Investment Management LLC owned about 0.08% of ARK Next Generation Internet ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of ARK Next Generation Internet ETF by 16.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,583 shares of the company’s stock worth $1,837,000 after acquiring an additional 3,055 shares during the last quarter. Serenus Wealth Advisors LLC bought a new stake in shares of ARK Next Generation Internet ETF in the 4th quarter worth approximately $96,000. BNP Paribas Financial Markets raised its holdings in ARK Next Generation Internet ETF by 2.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,745 shares of the company’s stock valued at $1,255,000 after buying an additional 314 shares during the last quarter. 17 Capital Partners LLC raised its holdings in ARK Next Generation Internet ETF by 31.6% during the 3rd quarter. 17 Capital Partners LLC now owns 4,439 shares of the company’s stock valued at $378,000 after buying an additional 1,065 shares during the last quarter. Finally, Nwam LLC bought a new stake in ARK Next Generation Internet ETF during the 3rd quarter valued at $349,000.

ARK Next Generation Internet ETF Stock Down 4.8 %

NYSEARCA:ARKW opened at $114.92 on Friday. The company has a fifty day moving average of $116.37 and a 200 day moving average of $99.06. ARK Next Generation Internet ETF has a 52 week low of $64.00 and a 52 week high of $126.12. The firm has a market capitalization of $2.34 billion, a P/E ratio of 64.77 and a beta of 2.04.

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.