ARK Next Generation Internation ETF (NYSEARCA:ARKW) Hits New 52-Week High – Here’s Why

ARK Next Generation Internation ETF (NYSEARCA:ARKW)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $106.07 and last traded at $106.07, with a volume of 31031 shares changing hands. The stock had previously closed at $104.75.

ARK Next Generation Internation ETF Trading Up 0.1 %

The stock’s 50 day moving average price is $85.43 and its two-hundred day moving average price is $80.32. The firm has a market capitalization of $2.14 billion, a PE ratio of 64.77 and a beta of 2.04.

Institutional Investors Weigh In On ARK Next Generation Internation ETF

Large investors have recently modified their holdings of the stock. Paladin Wealth LLC bought a new stake in ARK Next Generation Internation ETF during the 3rd quarter worth approximately $51,000. Opal Wealth Advisors LLC acquired a new stake in shares of ARK Next Generation Internation ETF in the 2nd quarter valued at $53,000. Strategic Investment Solutions Inc. IL acquired a new position in ARK Next Generation Internation ETF during the 2nd quarter worth approximately $88,000. Brown Financial Advisors acquired a new stake in shares of ARK Next Generation Internation ETF during the second quarter valued at about $108,000. Finally, Fairscale Capital LLC acquired a new stake in ARK Next Generation Internation ETF in the second quarter valued at $177,000.

About ARK Next Generation Internation ETF

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.