ARK Next Generation Internation ETF (NYSEARCA:ARKW) Position Increased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its stake in ARK Next Generation Internation ETF (NYSEARCA:ARKW) by 7.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 186,057 shares of the company’s stock after buying an additional 12,582 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.91% of ARK Next Generation Internation ETF worth $14,518,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in ARK Next Generation Internation ETF during the 4th quarter worth about $158,000. Scotia Capital Inc. raised its holdings in shares of ARK Next Generation Internation ETF by 11.3% during the fourth quarter. Scotia Capital Inc. now owns 4,134 shares of the company’s stock valued at $314,000 after acquiring an additional 420 shares during the period. Stephens Inc. AR lifted its position in shares of ARK Next Generation Internation ETF by 6.4% in the 4th quarter. Stephens Inc. AR now owns 11,983 shares of the company’s stock valued at $910,000 after acquiring an additional 721 shares in the last quarter. Prudential PLC boosted its stake in ARK Next Generation Internation ETF by 131.7% in the 4th quarter. Prudential PLC now owns 280,250 shares of the company’s stock worth $21,271,000 after purchasing an additional 159,300 shares during the period. Finally, Scarborough Advisors LLC purchased a new position in ARK Next Generation Internation ETF during the 4th quarter worth approximately $38,000.

ARK Next Generation Internation ETF Stock Performance

ARK Next Generation Internation ETF stock opened at $83.34 on Wednesday. The firm’s 50 day moving average price is $78.54 and its two-hundred day moving average price is $78.47. The firm has a market cap of $1.70 billion, a PE ratio of 64.77 and a beta of 2.04. ARK Next Generation Internation ETF has a twelve month low of $49.92 and a twelve month high of $86.25.

ARK Next Generation Internation 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.