Park Avenue Securities LLC Makes New $810,000 Investment in ARK Next Generation Internet ETF $ARKW

Park Avenue Securities LLC bought a new stake in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,640 shares of the company’s stock, valued at approximately $810,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Royal Bank of Canada grew its holdings 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 buying an additional 7,399 shares in the last quarter. Goldman Sachs Group Inc. boosted its position 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 worth $557,000 after acquiring an additional 1,987 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in ARK Next Generation Internet ETF during the 2nd quarter valued at about $15,301,000. James J. Burns & Company LLC acquired a new position in shares of ARK Next Generation Internet ETF in the 2nd quarter valued at about $230,000. Finally, Global Trust Asset Management LLC acquired a new position in shares of ARK Next Generation Internet ETF in the 2nd quarter valued at about $105,000.

ARK Next Generation Internet ETF Price Performance

NYSEARCA ARKW opened at $151.10 on Thursday. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 45.71 and a beta of 1.93. The company has a 50 day simple moving average of $152.88 and a 200-day simple moving average of $159.40. ARK Next Generation Internet ETF has a 52-week low of $78.62 and a 52-week high of $183.00.

ARK Next Generation Internet ETF Announces Dividend

The business 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 of this dividend was Friday, December 26th. This represents a dividend yield of 155.0%.

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.