ARK Next Generation Internet ETF $ARKW Shares Bought by CoreCap Advisors LLC

CoreCap Advisors LLC grew its position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 3,904.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,025 shares of the company’s stock after purchasing an additional 21,475 shares during the quarter. CoreCap Advisors LLC owned approximately 0.15% of ARK Next Generation Internet ETF worth $3,846,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ARKW. Farther Finance Advisors LLC increased its holdings in ARK Next Generation Internet ETF by 39.3% in the third quarter. Farther Finance Advisors LLC now owns 209 shares of the company’s stock valued at $36,000 after buying an additional 59 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of ARK Next Generation Internet ETF in the 2nd quarter valued at about $46,000. PNC Financial Services Group Inc. increased its holdings in shares of ARK Next Generation Internet ETF by 90.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock valued at $51,000 after acquiring an additional 165 shares during the last quarter. Avion Wealth acquired a new stake in shares of ARK Next Generation Internet ETF during the 2nd quarter worth about $53,000. Finally, Financial Consulate Inc. purchased a new stake in ARK Next Generation Internet ETF during the third quarter worth approximately $81,000.

ARK Next Generation Internet ETF Stock Down 1.2%

Shares of ARKW opened at $150.37 on Thursday. The company has a market capitalization of $2.14 billion, a price-to-earnings 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 stock has a 50 day moving average price of $154.98 and a 200 day moving average price of $159.23.

ARK Next Generation Internet ETF Announces Dividend

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