Envestnet Asset Management Inc. Has $5.17 Million Holdings in ARK Next Generation Internet ETF $ARKW

Envestnet Asset Management Inc. lifted its position in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 22.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,592 shares of the company’s stock after purchasing an additional 5,501 shares during the period. Envestnet Asset Management Inc. owned 0.21% of ARK Next Generation Internet ETF worth $5,167,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Gradient Investments LLC raised its stake in ARK Next Generation Internet ETF by 20.3% in the 3rd quarter. Gradient Investments LLC now owns 165,616 shares of the company’s stock worth $28,918,000 after purchasing an additional 27,992 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of ARK Next Generation Internet ETF by 3.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 150,051 shares of the company’s stock worth $22,150,000 after purchasing an additional 5,569 shares during the period. CWM LLC raised its position in shares of ARK Next Generation Internet ETF by 89.0% in the third 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 in the last quarter. Raymond James Financial Inc. boosted its stake in shares of ARK Next Generation Internet ETF by 1.9% in the second quarter. Raymond James Financial Inc. now owns 72,775 shares of the company’s stock valued at $10,743,000 after buying an additional 1,366 shares during the period. Finally, EWG Elevate Inc. acquired a new stake in ARK Next Generation Internet ETF during the third quarter worth approximately $11,231,000.

ARK Next Generation Internet ETF Trading Down 0.5%

Shares of NYSEARCA:ARKW opened at $123.79 on Monday. The firm has a 50 day moving average of $142.00 and a 200-day moving average of $155.75. The stock has a market capitalization of $1.68 billion, a PE ratio of 45.71 and a beta of 1.93. 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 Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a $2.3516 dividend. This represents a 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.