ARK Next Generation Internation ETF (NYSEARCA:ARKW) Sets New 1-Year High – Here’s What Happened

ARK Next Generation Internation ETF (NYSEARCA:ARKW) shares reached a new 52-week high on Friday . The company traded as high as $107.86 and last traded at $107.79, with a volume of 47710 shares changing hands. The stock had previously closed at $106.43.

ARK Next Generation Internation ETF Stock Up 1.8 %

The business’s 50-day moving average is $90.43 and its two-hundred day moving average is $82.12. The company has a market capitalization of $2.21 billion, a P/E ratio of 64.77 and a beta of 2.04.

Institutional Trading of ARK Next Generation Internation ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its position in ARK Next Generation Internation ETF by 9.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,668 shares of the company’s stock worth $286,000 after acquiring an additional 309 shares during the period. Gradient Investments LLC raised its holdings in shares of ARK Next Generation Internation ETF by 55.1% in the 2nd quarter. Gradient Investments LLC now owns 88,993 shares of the company’s stock worth $6,944,000 after purchasing an additional 31,625 shares during the period. Mattson Financial Services LLC purchased a new position in ARK Next Generation Internation ETF in the second quarter valued at approximately $1,294,000. Verus Capital Partners LLC grew its holdings in ARK Next Generation Internation ETF by 4.5% during the second quarter. Verus Capital Partners LLC now owns 35,392 shares of the company’s stock valued at $2,762,000 after purchasing an additional 1,535 shares during the period. Finally, Prudential PLC grew its holdings in ARK Next Generation Internation ETF by 38.5% during the second quarter. Prudential PLC now owns 132,350 shares of the company’s stock valued at $10,339,000 after purchasing an additional 36,800 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.