ARK Next Generation Internet ETF $ARKW Shares Sold by Anfield Capital Management LLC

Anfield Capital Management LLC lowered its position in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 53.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,444 shares of the company’s stock after selling 49,182 shares during the period. ARK Next Generation Internet ETF makes up about 2.2% of Anfield Capital Management LLC’s investment portfolio, making the stock its 10th largest position. Anfield Capital Management LLC owned approximately 0.31% of ARK Next Generation Internet ETF worth $7,411,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of ARK Next Generation Internet ETF by 38.8% during the first quarter. Royal Bank of Canada now owns 26,445 shares of the company’s stock valued at $2,503,000 after acquiring an additional 7,399 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in ARK Next Generation Internet ETF by 51.0% in the first 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 last quarter. World Investment Advisors acquired a new stake in ARK Next Generation Internet ETF during the 2nd quarter valued at approximately $297,000. Arkadios Wealth Advisors purchased a new stake in ARK Next Generation Internet ETF during the 2nd quarter worth approximately $236,000. Finally, Savvy Advisors Inc. purchased a new stake in ARK Next Generation Internet ETF during the 2nd quarter worth approximately $201,000.

ARK Next Generation Internet ETF Price Performance

NYSEARCA ARKW opened at $124.95 on Friday. The company has a market capitalization of $1.70 billion, a price-to-earnings 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. The company’s fifty day moving average price is $139.21 and its two-hundred day moving average price is $154.59.

ARK Next Generation Internet ETF Dividend Announcement

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

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.