Naples Money Management LLC Makes New $38,000 Investment in ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Naples Money Management LLC purchased a new position in shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 498 shares of the company’s stock, valued at approximately $38,000.

Several other large investors have also recently made changes to their positions in ARKW. International Assets Investment Management LLC purchased a new position in shares of ARK Next Generation Internation ETF in the fourth quarter worth $309,080,000. Royal Bank of Canada increased its stake in shares of ARK Next Generation Internation ETF by 147.0% in the first quarter. Royal Bank of Canada now owns 290,089 shares of the company’s stock worth $25,300,000 after buying an additional 172,639 shares during the period. Priebe Wealth Holdings LLC purchased a new position in shares of ARK Next Generation Internation ETF in the fourth quarter worth $11,626,000. Price Capital Management Inc. purchased a new position in shares of ARK Next Generation Internation ETF in the fourth quarter worth $10,876,000. Finally, Jane Street Group LLC increased its stake in shares of ARK Next Generation Internation ETF by 705.5% in the second quarter. Jane Street Group LLC now owns 71,417 shares of the company’s stock worth $3,499,000 after buying an additional 83,212 shares during the period.

ARK Next Generation Internation ETF Stock Down 2.1 %

Shares of NYSEARCA ARKW opened at $72.82 on Friday. ARK Next Generation Internation ETF has a 52 week low of $45.50 and a 52 week high of $85.00. The firm’s fifty day moving average is $79.40 and its 200 day moving average is $70.29. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 69.80 and a beta of 1.55.

About ARK Next Generation Internation 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.