Janney Montgomery Scott LLC Has $3.34 Million Stock Holdings in ARK Next Generation Internet ETF (NYSEARCA:ARKW)

Janney Montgomery Scott LLC boosted its position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 1,141.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,312 shares of the company’s stock after acquiring an additional 32,467 shares during the quarter. Janney Montgomery Scott LLC’s holdings in ARK Next Generation Internet ETF were worth $3,343,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ARKW. Private Advisor Group LLC boosted its holdings in shares of ARK Next Generation Internet ETF by 3.8% in the 4th quarter. Private Advisor Group LLC now owns 28,177 shares of the company’s stock valued at $3,043,000 after purchasing an additional 1,027 shares in the last quarter. Sigma Planning Corp bought a new stake in shares of ARK Next Generation Internet ETF during the 4th quarter worth $241,000. Wealthspire Advisors LLC bought a new stake in shares of ARK Next Generation Internet ETF during the 4th quarter worth $226,000. Brown Financial Advisors acquired a new stake in ARK Next Generation Internet ETF in the fourth quarter valued at about $202,000. Finally, Whipplewood Advisors LLC bought a new position in ARK Next Generation Internet ETF in the fourth quarter valued at about $128,000.

ARK Next Generation Internet ETF Trading Up 1.9%

Shares of NYSEARCA ARKW opened at $146.60 on Wednesday. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 35.29 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 $147.72. The stock has a 50-day moving average price of $116.83 and a two-hundred day moving average price of $111.39.

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.