Sovran Advisors LLC Buys 3,471 Shares of ARK Next Generation Internet ETF $ARKW

Sovran Advisors LLC grew its stake in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) by 248.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,868 shares of the company’s stock after buying an additional 3,471 shares during the quarter. Sovran Advisors LLC’s holdings in ARK Next Generation Internet ETF were worth $836,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ARKW. Gradient Investments LLC boosted its holdings in shares of ARK Next Generation Internet ETF by 20.3% during the 3rd quarter. Gradient Investments LLC now owns 165,616 shares of the company’s stock valued at $28,918,000 after acquiring an additional 27,992 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in ARK Next Generation Internet ETF by 3.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 150,051 shares of the company’s stock valued at $22,150,000 after purchasing an additional 5,569 shares during the last quarter. CWM LLC raised its position in 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 purchasing an additional 54,977 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of ARK Next Generation Internet ETF by 137.0% during the second quarter. Janney Montgomery Scott LLC now owns 83,701 shares of the company’s stock valued at $12,356,000 after purchasing an additional 48,389 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of ARK Next Generation Internet ETF by 1.9% during the second quarter. Raymond James Financial Inc. now owns 72,775 shares of the company’s stock worth $10,743,000 after purchasing an additional 1,366 shares during the last quarter.

ARK Next Generation Internet ETF Price Performance

Shares of NYSEARCA ARKW opened at $145.32 on Tuesday. The company has a 50 day simple moving average of $150.75 and a 200 day simple moving average of $159.40. ARK Next Generation Internet ETF has a 1 year low of $78.62 and a 1 year high of $183.00. The firm has a market cap of $2.01 billion, a PE ratio of 45.71 and a beta of 1.93.

ARK Next Generation Internet ETF Dividend Announcement

The firm 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. 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.