Horizon Wealth Management LLC Purchases New Shares in ARK Next Generation Internet ETF $ARKW

Horizon Wealth Management LLC acquired a new position in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 30,764 shares of the company’s stock, valued at approximately $5,372,000. ARK Next Generation Internet ETF comprises about 0.8% of Horizon Wealth Management LLC’s portfolio, making the stock its 26th biggest position. Horizon Wealth Management LLC owned approximately 0.22% of ARK Next Generation Internet ETF as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ARKW. Savvy Advisors Inc. increased its holdings in shares of ARK Next Generation Internet ETF by 5.6% in the third quarter. Savvy Advisors Inc. now owns 1,442 shares of the company’s stock valued at $252,000 after purchasing an additional 77 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in ARK Next Generation Internet ETF by 308.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 25,014 shares of the company’s stock valued at $4,368,000 after buying an additional 18,883 shares during the last quarter. Wealthfront Advisers LLC increased its stake in shares of ARK Next Generation Internet ETF by 5.0% in the 3rd quarter. Wealthfront Advisers LLC now owns 17,487 shares of the company’s stock valued at $3,053,000 after buying an additional 835 shares during the period. Prospera Financial Services Inc increased its stake in shares of ARK Next Generation Internet ETF by 9.5% in the 3rd quarter. Prospera Financial Services Inc now owns 13,978 shares of the company’s stock valued at $2,441,000 after buying an additional 1,212 shares during the period. Finally, Western Wealth Management LLC raised its position in shares of ARK Next Generation Internet ETF by 65.7% during the third quarter. Western Wealth Management LLC now owns 6,670 shares of the company’s stock worth $1,165,000 after acquiring an additional 2,645 shares during the last quarter.

ARK Next Generation Internet ETF Stock Up 2.0%

ARK Next Generation Internet ETF stock opened at $123.24 on Friday. The business’s 50-day simple moving average is $145.43 and its 200 day simple moving average is $156.84. The stock has a market cap of $1.68 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.

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 paid a $2.3516 dividend. This represents a dividend yield of 155.0%. The ex-dividend date of this dividend was Friday, December 26th.

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.