ARK Next Generation Internation ETF (NYSEARCA:ARKW) Reaches New 12-Month High – Here’s Why

ARK Next Generation Internation ETF (NYSEARCA:ARKW) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $119.18 and last traded at $118.87, with a volume of 51233 shares. The stock had previously closed at $117.10.

ARK Next Generation Internation ETF Trading Down 6.3 %

The company has a market cap of $2.29 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04. The stock’s fifty day simple moving average is $100.49 and its 200 day simple moving average is $86.55.

Hedge Funds Weigh In On ARK Next Generation Internation ETF

Several institutional investors and hedge funds have recently bought and sold shares of ARKW. Wealth Enhancement Advisory Services LLC grew its holdings in shares of ARK Next Generation Internation ETF by 9.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,668 shares of the company’s stock worth $286,000 after purchasing an additional 309 shares during the period. International Assets Investment Management LLC boosted its stake in ARK Next Generation Internation ETF by 7.0% during the second quarter. International Assets Investment Management LLC now owns 4,150 shares of the company’s stock worth $324,000 after buying an additional 270 shares during the period. Summit Financial LLC increased its position in shares of ARK Next Generation Internation ETF by 15.7% during the second quarter. Summit Financial LLC now owns 4,915 shares of the company’s stock valued at $384,000 after acquiring an additional 667 shares during the last quarter. Verus Capital Partners LLC raised its stake in shares of ARK Next Generation Internation ETF by 4.5% in the 2nd quarter. Verus Capital Partners LLC now owns 35,392 shares of the company’s stock valued at $2,762,000 after acquiring an additional 1,535 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in shares of ARK Next Generation Internation ETF by 3.0% in the 2nd quarter. Private Advisor Group LLC now owns 28,803 shares of the company’s stock worth $2,248,000 after acquiring an additional 827 shares during the last quarter.

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.