Commonwealth Equity Services LLC Sells 21,358 Shares of ARK Next Generation Internet ETF $ARKW

Commonwealth Equity Services LLC decreased its holdings in ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 22.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,507 shares of the company’s stock after selling 21,358 shares during the period. Commonwealth Equity Services LLC owned approximately 0.51% of ARK Next Generation Internet ETF worth $12,660,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Gradient Investments LLC lifted its position in 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 purchasing an additional 27,992 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of ARK Next Generation Internet ETF by 13.4% in the second quarter. Osaic Holdings Inc. now owns 63,826 shares of the company’s stock worth $9,427,000 after buying an additional 7,553 shares during the period. 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 valued at $557,000 after buying an additional 1,987 shares during the last quarter. CWM LLC boosted its position in ARK Next Generation Internet ETF by 89.0% during the 3rd quarter. CWM LLC now owns 116,733 shares of the company’s stock valued at $20,383,000 after buying an additional 54,977 shares during the period. Finally, Avantax Advisory Services Inc. boosted its position in ARK Next Generation Internet ETF by 6.9% during the 2nd quarter. Avantax Advisory Services Inc. now owns 17,889 shares of the company’s stock valued at $2,641,000 after buying an additional 1,158 shares during the period.

ARK Next Generation Internet ETF Stock Performance

ARKW opened at $149.10 on Friday. 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 market capitalization of $2.12 billion, a PE ratio of 45.71 and a beta of 1.93. The stock’s 50 day moving average price is $153.99 and its 200-day moving average price is $159.29.

ARK Next Generation Internet ETF Announces Dividend

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

ARK Next Generation Internet ETF 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.