Serenus Wealth Advisors LLC Invests $16.83 Million in ARK Next Generation Internet ETF $ARKW

Serenus Wealth Advisors LLC bought a new position in ARK Next Generation Internet ETF (NYSEARCA:ARKW) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 96,392 shares of the company’s stock, valued at approximately $16,831,000. ARK Next Generation Internet ETF comprises 2.1% of Serenus Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest holding.

Several other hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in ARK Next Generation Internet ETF by 39.3% during the third quarter. Farther Finance Advisors LLC now owns 209 shares of the company’s stock worth $36,000 after acquiring an additional 59 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in ARK Next Generation Internet ETF by 66.7% in the third quarter. Golden State Wealth Management LLC now owns 250 shares of the company’s stock valued at $44,000 after purchasing an additional 100 shares during the last quarter. Headlands Technologies LLC acquired a new position in ARK Next Generation Internet ETF during the 2nd quarter worth $46,000. PNC Financial Services Group Inc. increased its holdings in shares of ARK Next Generation Internet ETF by 90.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock valued at $51,000 after acquiring an additional 165 shares during the last quarter. Finally, Root Financial Partners LLC bought a new stake in ARK Next Generation Internet ETF during the third quarter valued at $52,000.

ARK Next Generation Internet ETF Trading Down 0.7%

ARK Next Generation Internet ETF stock opened at $122.33 on Wednesday. ARK Next Generation Internet ETF has a 52 week low of $78.62 and a 52 week high of $183.00. The company’s 50-day moving average price is $144.02 and its two-hundred day moving average price is $156.41. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 45.71 and a beta of 1.93.

ARK Next Generation Internet ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a $2.3516 dividend. The ex-dividend date was Friday, December 26th. This represents a dividend 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.