ARK Next Generation Internet ETF $ARKW Stock Holdings Lifted by Financial Management Professionals Inc.

Financial Management Professionals Inc. grew its stake in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 2,639.2% in the third quarter, Holdings Channel.com reports. The fund owned 11,669 shares of the company’s stock after buying an additional 11,243 shares during the quarter. Financial Management Professionals Inc.’s holdings in ARK Next Generation Internet ETF were worth $2,038,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ARKW. Gradient Investments LLC lifted its holdings in shares of ARK Next Generation Internet ETF by 20.3% during the third quarter. Gradient Investments LLC now owns 165,616 shares of the company’s stock valued at $28,918,000 after purchasing an additional 27,992 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in ARK Next Generation Internet ETF by 51.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,884 shares of the company’s stock worth $557,000 after buying an additional 1,987 shares during the period. Osaic Holdings Inc. lifted its stake in ARK Next Generation Internet ETF by 13.4% during the second quarter. Osaic Holdings Inc. now owns 63,826 shares of the company’s stock valued at $9,427,000 after buying an additional 7,553 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of ARK Next Generation Internet ETF by 6.2% in the first quarter. Raymond James Financial Inc. now owns 71,409 shares of the company’s stock worth $6,760,000 after buying an additional 4,151 shares during the period. Finally, Avantax Advisory Services Inc. boosted its holdings in shares of ARK Next Generation Internet ETF by 6.9% in the second quarter. Avantax Advisory Services Inc. now owns 17,889 shares of the company’s stock worth $2,641,000 after buying an additional 1,158 shares during the period.

ARK Next Generation Internet ETF Price Performance

ARKW stock opened at $154.48 on Friday. The firm has a market capitalization of $2.15 billion, a P/E ratio of 45.71 and a beta of 1.93. ARK Next Generation Internet ETF has a 52-week low of $78.62 and a 52-week high of $183.00. The company’s 50 day simple moving average is $159.43 and its 200-day simple moving average is $158.08.

ARK Next Generation Internet ETF Announces Dividend

The company also recently announced an annual dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 26th will be paid a dividend of $2.3516 per share. This represents a yield of 152.0%. The ex-dividend date of this dividend is Friday, December 26th.

ARK Next Generation Internet ETF Company Profile

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 managed by ARK.