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

ARK Next Generation Internation ETF (NYSEARCA:ARKW) hit a new 52-week high on Friday . The stock traded as high as $120.42 and last traded at $120.20, with a volume of 52796 shares traded. The stock had previously closed at $118.62.

ARK Next Generation Internation ETF Stock Up 0.2 %

The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04. The business has a 50 day moving average price of $112.36 and a 200-day moving average price of $93.25.

Institutional Trading of ARK Next Generation Internation ETF

A number of hedge funds have recently made changes to their positions in ARKW. Crews Bank & Trust acquired a new position in shares of ARK Next Generation Internation ETF in the fourth quarter worth about $43,000. Paladin Wealth LLC purchased a new stake in ARK Next Generation Internation ETF during the 3rd quarter worth approximately $51,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of ARK Next Generation Internation ETF in the 2nd quarter valued at approximately $88,000. Brown Financial Advisors purchased a new position in shares of ARK Next Generation Internation ETF during the 2nd quarter valued at approximately $108,000. Finally, Eagle Wealth Strategies LLC acquired a new stake in shares of ARK Next Generation Internation ETF during the fourth quarter worth approximately $202,000.

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.