Farther Finance Advisors LLC Has $65,000 Position in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Farther Finance Advisors LLC grew its holdings in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 37.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 603 shares of the company’s stock after purchasing an additional 164 shares during the quarter. Farther Finance Advisors LLC’s holdings in ARK Next Generation Internet ETF were worth $65,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in ARK Next Generation Internet ETF by 1,454.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 373 shares of the company’s stock valued at $40,000 after purchasing an additional 349 shares in the last quarter. HighTower Advisors LLC increased its position in shares of ARK Next Generation Internet ETF by 0.7% during the fourth quarter. HighTower Advisors LLC now owns 13,436 shares of the company’s stock worth $1,451,000 after acquiring an additional 87 shares in the last quarter. Prosperity Wealth Management Inc. raised its holdings in shares of ARK Next Generation Internet ETF by 60.4% in the 4th quarter. Prosperity Wealth Management Inc. now owns 8,589 shares of the company’s stock worth $927,000 after acquiring an additional 3,235 shares during the last quarter. One Capital Management LLC bought a new position in ARK Next Generation Internet ETF in the 4th quarter valued at about $1,145,000. Finally, Raymond James Financial Inc. acquired a new position in ARK Next Generation Internet ETF during the 4th quarter valued at about $7,263,000.

ARK Next Generation Internet ETF Stock Up 1.9 %

Shares of NYSEARCA:ARKW opened at $100.11 on Friday. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 45.55 and a beta of 1.84. The business’s 50 day moving average is $111.67 and its 200 day moving average is $102.54. ARK Next Generation Internet ETF has a 12-month low of $64.00 and a 12-month high of $126.12.

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.