EMC Capital Management Invests $712,000 in ARK Next Generation Internet ETF $ARKW

EMC Capital Management bought a new stake in shares of ARK Next Generation Internet ETF (BATS:ARKW) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 4,880 shares of the company’s stock, valued at approximately $712,000. ARK Next Generation Internet ETF accounts for approximately 0.3% of EMC Capital Management’s holdings, making the stock its 23rd largest holding.

Several other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its position in ARK Next Generation Internet ETF by 947.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,557,386 shares of the company’s stock valued at $230,073,000 after buying an additional 1,408,657 shares during the period. Foundations Investment Advisors LLC raised its position in shares of ARK Next Generation Internet ETF by 200.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 537,572 shares of the company’s stock worth $79,416,000 after acquiring an additional 358,946 shares during the period. UBS Group AG boosted its stake in shares of ARK Next Generation Internet ETF by 168.4% during the 3rd quarter. UBS Group AG now owns 107,671 shares of the company’s stock worth $18,800,000 after acquiring an additional 67,550 shares in the last quarter. Anfield Capital Management LLC boosted its stake in shares of ARK Next Generation Internet ETF by 124.1% during the 4th quarter. Anfield Capital Management LLC now owns 95,116 shares of the company’s stock worth $14,051,000 after acquiring an additional 52,672 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of ARK Next Generation Internet ETF during the 3rd quarter worth about $4,300,000.

ARK Next Generation Internet ETF Stock Up 0.2%

BATS:ARKW opened at $152.78 on Thursday. ARK Next Generation Internet ETF has a 52 week low of $113.36 and a 52 week high of $183.00. The stock’s 50-day moving average price is $146.88 and its 200-day moving average price is $138.92. The stock has a market capitalization of $2.17 billion, a PE ratio of 45.71 and a beta of 1.89.

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. ARKW was launched on Sep 30, 2014 and is issued by ARK.