MarketWise, Inc. (NASDAQ:MKTW) Shares Purchased by MTM Investment Management LLC

MTM Investment Management LLC lifted its holdings in MarketWise, Inc. (NASDAQ:MKTW) by 42.8% in the 4th quarter, HoldingsChannel reports. The firm owned 186,263 shares of the newsletter publisher’s stock after purchasing an additional 55,820 shares during the quarter. MTM Investment Management LLC’s holdings in MarketWise were worth $106,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Geode Capital Management LLC grew its stake in shares of MarketWise by 4.1% in the third quarter. Geode Capital Management LLC now owns 818,814 shares of the newsletter publisher’s stock worth $547,000 after purchasing an additional 32,295 shares in the last quarter. Williams & Novak LLC boosted its stake in MarketWise by 88.8% during the fourth quarter. Williams & Novak LLC now owns 287,500 shares of the newsletter publisher’s stock valued at $163,000 after buying an additional 135,200 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in MarketWise by 118.4% during the third quarter. JPMorgan Chase & Co. now owns 70,768 shares of the newsletter publisher’s stock valued at $47,000 after buying an additional 38,364 shares in the last quarter. Finally, Barclays PLC boosted its stake in MarketWise by 260.4% during the third quarter. Barclays PLC now owns 51,689 shares of the newsletter publisher’s stock valued at $34,000 after buying an additional 37,347 shares in the last quarter. Institutional investors own 23.04% of the company’s stock.

MarketWise Stock Up 0.1 %

Shares of MKTW stock opened at $0.59 on Thursday. The stock has a 50-day simple moving average of $0.56 and a 200 day simple moving average of $0.65. MarketWise, Inc. has a fifty-two week low of $0.46 and a fifty-two week high of $2.14. The stock has a market capitalization of $191.35 million, a P/E ratio of 4.92 and a beta of 0.39.

MarketWise Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, January 29th will be given a $0.03 dividend. The ex-dividend date is Wednesday, January 29th. This represents a dividend yield of 17.91%. MarketWise’s dividend payout ratio (DPR) is 33.34%.

About MarketWise

MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.