ARK Next Generation Internation ETF (NYSEARCA:ARKW) Reaches New 52-Week High – What’s Next?

ARK Next Generation Internation ETF (NYSEARCA:ARKW) reached a new 52-week high on Friday . The stock traded as high as $86.25 and last traded at $86.18, with a volume of 45904 shares traded. The stock had previously closed at $85.31.

ARK Next Generation Internation ETF Trading Up 0.9 %

The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04. The business has a 50 day simple moving average of $79.74 and a 200-day simple moving average of $78.64.

Hedge Funds Weigh In On ARK Next Generation Internation ETF

Several institutional investors and hedge funds have recently bought and sold shares of ARKW. Dynamic Advisor Solutions LLC lifted its stake in shares of ARK Next Generation Internation ETF by 6.4% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 2,707 shares of the company’s stock valued at $211,000 after purchasing an additional 164 shares in the last quarter. Echo Wealth Management LLC increased its position in shares of ARK Next Generation Internation ETF by 6.7% in the second quarter. Echo Wealth Management LLC now owns 3,174 shares of the company’s stock worth $248,000 after acquiring an additional 200 shares in the last quarter. Manchester Capital Management LLC raised its stake in shares of ARK Next Generation Internation ETF by 49.6% in the 1st quarter. Manchester Capital Management LLC now owns 621 shares of the company’s stock valued at $52,000 after acquiring an additional 206 shares during the period. Smith Anglin Financial LLC boosted its position in ARK Next Generation Internation ETF by 1.2% during the 3rd quarter. Smith Anglin Financial LLC now owns 19,383 shares of the company’s stock worth $1,650,000 after purchasing an additional 227 shares during the period. Finally, International Assets Investment Management LLC raised its position in ARK Next Generation Internation ETF by 7.0% in the second quarter. International Assets Investment Management LLC now owns 4,150 shares of the company’s stock valued at $324,000 after purchasing an additional 270 shares during the period.

ARK Next Generation Internation ETF Company 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.