Foundations Investment Advisors LLC Has $31.19 Million Stock Holdings in ARK Next Generation Internet ETF $ARKW

Foundations Investment Advisors LLC decreased its stake in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 53.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,626 shares of the company’s stock after selling 202,477 shares during the period. Foundations Investment Advisors LLC’s holdings in ARK Next Generation Internet ETF were worth $31,190,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Truist Financial Corp increased its holdings in shares of ARK Next Generation Internet ETF by 4.4% during the third quarter. Truist Financial Corp now owns 3,590 shares of the company’s stock worth $627,000 after buying an additional 152 shares in the last quarter. Copia Wealth Management grew its position in ARK Next Generation Internet ETF by 2.0% during the 3rd quarter. Copia Wealth Management now owns 13,436 shares of the company’s stock worth $2,346,000 after acquiring an additional 262 shares during the last quarter. Sovran Advisors LLC increased its holdings in ARK Next Generation Internet ETF by 248.5% in the 3rd quarter. Sovran Advisors LLC now owns 4,868 shares of the company’s stock worth $836,000 after purchasing an additional 3,471 shares in the last quarter. Root Financial Partners LLC acquired a new position in ARK Next Generation Internet ETF in the 3rd quarter worth about $52,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in ARK Next Generation Internet ETF by 332.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,156 shares of the company’s stock valued at $1,979,000 after purchasing an additional 8,579 shares during the last quarter.

ARK Next Generation Internet ETF Trading Down 0.4%

Shares of ARKW stock opened at $144.98 on Thursday. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 45.71 and a beta of 1.93. The business’s 50-day moving average price is $150.64 and its 200-day moving average price is $159.27. ARK Next Generation Internet ETF has a 12 month low of $78.62 and a 12 month high of $183.00.

ARK Next Generation Internet ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a dividend of $2.3516 per share. The ex-dividend date was Friday, December 26th. This represents a yield of 155.0%.

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.