JPMorgan Chase & Co. Buys 38,364 Shares of MarketWise, Inc. (NASDAQ:MKTW)

JPMorgan Chase & Co. lifted its position in MarketWise, Inc. (NASDAQ:MKTW) by 118.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,768 shares of the newsletter publisher’s stock after buying an additional 38,364 shares during the quarter. JPMorgan Chase & Co.’s holdings in MarketWise were worth $47,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of MarketWise by 4.1% during the 3rd 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 during the last quarter. Renaissance Technologies LLC raised its holdings in MarketWise by 11.9% in the 2nd quarter. Renaissance Technologies LLC now owns 555,400 shares of the newsletter publisher’s stock valued at $644,000 after acquiring an additional 59,079 shares in the last quarter. Williams & Novak LLC grew its holdings in shares of MarketWise by 95.4% during the 3rd quarter. Williams & Novak LLC now owns 152,300 shares of the newsletter publisher’s stock worth $102,000 after purchasing an additional 74,360 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of MarketWise by 953.6% during the second quarter. Squarepoint Ops LLC now owns 125,174 shares of the newsletter publisher’s stock valued at $145,000 after purchasing an additional 113,293 shares during the period. Finally, Barclays PLC lifted its position in MarketWise by 260.4% in the third quarter. Barclays PLC now owns 51,689 shares of the newsletter publisher’s stock worth $34,000 after purchasing an additional 37,347 shares during the period. 23.04% of the stock is currently owned by institutional investors and hedge funds.

MarketWise Stock Up 0.4 %

Shares of MKTW opened at $0.59 on Wednesday. The company has a 50-day moving average price of $0.55 and a two-hundred day moving average price of $0.67. The stock has a market cap of $191.15 million, a price-to-earnings ratio of 4.91 and a beta of 0.39. MarketWise, Inc. has a 12 month low of $0.46 and a 12 month high of $2.42.

MarketWise (NASDAQ:MKTW) last issued its quarterly earnings data on Thursday, November 7th. The newsletter publisher reported $0.04 earnings per share for the quarter. MarketWise had a net margin of 1.20% and a negative return on equity of 1.89%. The firm had revenue of $97.19 million for the quarter.

MarketWise Announces Dividend

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