Geode Capital Management LLC Boosts Stock Position in MarketWise, Inc. (NASDAQ:MKTW)

Geode Capital Management LLC raised its stake in MarketWise, Inc. (NASDAQ:MKTW) by 4.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 818,814 shares of the newsletter publisher’s stock after purchasing an additional 32,295 shares during the period. Geode Capital Management LLC owned 0.26% of MarketWise worth $547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC grew its stake in shares of MarketWise by 260.4% during the third quarter. Barclays PLC now owns 51,689 shares of the newsletter publisher’s stock worth $34,000 after acquiring an additional 37,347 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of MarketWise by 11.9% during the second quarter. Renaissance Technologies LLC now owns 555,400 shares of the newsletter publisher’s stock worth $644,000 after acquiring an additional 59,079 shares during the last quarter. Squarepoint Ops LLC grew its stake 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 worth $145,000 after acquiring an additional 113,293 shares during the last quarter. Williams & Novak LLC grew its stake in shares of MarketWise by 95.4% during the third quarter. Williams & Novak LLC now owns 152,300 shares of the newsletter publisher’s stock worth $102,000 after acquiring an additional 74,360 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of MarketWise by 6.6% during the second quarter. Bank of New York Mellon Corp now owns 178,261 shares of the newsletter publisher’s stock worth $207,000 after acquiring an additional 11,085 shares during the last quarter. Hedge funds and other institutional investors own 23.04% of the company’s stock.

MarketWise Stock Performance

Shares of MKTW stock opened at $0.51 on Friday. MarketWise, Inc. has a fifty-two week low of $0.46 and a fifty-two week high of $2.71. The firm has a market capitalization of $165.08 million, a price-to-earnings ratio of 4.24 and a beta of 0.38. The stock’s 50-day simple moving average is $0.53 and its 200-day simple moving average is $0.74.

MarketWise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Monday, November 25th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, November 25th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 7.86%. MarketWise’s payout ratio is 33.33%.

MarketWise Company Profile

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.