Bank of America Corp DE Has $27.34 Million Stock Position in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Bank of America Corp DE lifted its position in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 0.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 253,192 shares of the company’s stock after buying an additional 1,861 shares during the quarter. Bank of America Corp DE’s holdings in ARK Next Generation Internet ETF were worth $27,340,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in ARK Next Generation Internet ETF by 16.5% in the third quarter. JPMorgan Chase & Co. now owns 21,583 shares of the company’s stock valued at $1,837,000 after purchasing an additional 3,055 shares in the last quarter. Farther Finance Advisors LLC raised its stake in ARK Next Generation Internet ETF by 37.4% in the fourth quarter. Farther Finance Advisors LLC now owns 603 shares of the company’s stock valued at $65,000 after purchasing an additional 164 shares in the last quarter. Barclays PLC acquired a new position in ARK Next Generation Internet ETF in the fourth quarter valued at about $1,296,000. Serenus Wealth Advisors LLC acquired a new position in ARK Next Generation Internet ETF in the fourth quarter valued at about $96,000. Finally, EverSource Wealth Advisors LLC grew its position in 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 valued at $40,000 after acquiring an additional 349 shares during the last quarter.

ARK Next Generation Internet ETF Trading Up 1.9%

Shares of NYSEARCA ARKW opened at $119.93 on Friday. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 30.89 and a beta of 1.89. ARK Next Generation Internet ETF has a 12 month low of $64.00 and a 12 month high of $126.12. The stock has a 50-day moving average price of $98.84 and a two-hundred day moving average price of $106.84.

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.