Cwm LLC Grows Stock Holdings in ARK Next Generation Internet ETF $ARKW

Cwm LLC lifted its stake in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 89.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 116,733 shares of the company’s stock after acquiring an additional 54,977 shares during the quarter. Cwm LLC owned approximately 0.82% of ARK Next Generation Internet ETF worth $20,383,000 at the end of the most recent reporting period.

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

ARK Next Generation Internet ETF Stock Performance

NYSEARCA ARKW opened at $151.70 on Friday. The company has a market cap of $2.11 billion, a PE ratio of 45.71 and a beta of 1.93. The firm’s 50 day moving average price is $159.06 and its 200-day moving average price is $158.41. ARK Next Generation Internet ETF has a 52-week low of $78.62 and a 52-week high of $183.00.

ARK Next Generation Internet ETF Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 26th will be given a dividend of $2.3516 per share. This represents a yield of 155.0%. The ex-dividend date of this dividend is Friday, December 26th.

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 managed by ARK.