Horizon Wealth Management LLC Buys Shares of 30,764 ARK Next Generation Internet ETF $ARKW

Horizon Wealth Management LLC bought a new position in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) during the third quarter, HoldingsChannel.com reports. The firm bought 30,764 shares of the company’s stock, valued at approximately $5,372,000. ARK Next Generation Internet ETF makes up about 0.8% of Horizon Wealth Management LLC’s portfolio, making the stock its 26th biggest position.

A number of other hedge funds have also modified their holdings of ARKW. Gradient Investments LLC raised its holdings 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 worth $28,918,000 after purchasing an additional 27,992 shares during the period. Osaic Holdings Inc. raised its stake in ARK Next Generation Internet ETF by 13.4% during the 2nd 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. CWM LLC increased its holdings 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 worth $20,383,000 after acquiring an additional 54,977 shares in the last quarter. Avantax Advisory Services Inc. raised its position in shares of ARK Next Generation Internet ETF by 6.9% during the second 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. Finally, 17 Capital Partners LLC increased its stake in ARK Next Generation Internet ETF by 21.2% during the 2nd quarter. 17 Capital Partners LLC now owns 6,672 shares of the company’s stock worth $985,000 after purchasing an additional 1,166 shares in the last quarter.

ARK Next Generation Internet ETF Stock Performance

Shares of ARKW opened at $123.24 on Friday. The firm’s 50 day moving average price is $145.43 and its two-hundred day moving average price is $156.84. ARK Next Generation Internet ETF has a twelve month low of $78.62 and a twelve month high of $183.00. The firm has a market cap of $1.68 billion, a P/E ratio of 45.71 and a beta of 1.93.

ARK Next Generation Internet ETF Announces Dividend

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