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

ARK Next Generation Internet ETF (NYSEARCA:ARKW) shares reached a new 52-week high on Thursday . The stock traded as high as $120.68 and last traded at $120.03, with a volume of 108575 shares traded. The stock had previously closed at $119.29.

ARK Next Generation Internet ETF Trading Down 1.1 %

The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04. The stock has a fifty day moving average of $113.43 and a 200-day moving average of $94.33.

Institutional Trading of ARK Next Generation Internet ETF

Several institutional investors and hedge funds have recently bought and sold shares of ARKW. Kuhn & Co Investment Counsel purchased a new position in shares of ARK Next Generation Internet ETF in the fourth quarter worth approximately $216,000. Nations Financial Group Inc. IA ADV grew its position in ARK Next Generation Internet ETF by 13.9% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 3,248 shares of the company’s stock worth $351,000 after purchasing an additional 396 shares in the last quarter. 17 Capital Partners LLC raised its stake in ARK Next Generation Internet ETF by 10.2% during the 4th quarter. 17 Capital Partners LLC now owns 4,890 shares of the company’s stock valued at $528,000 after purchasing an additional 451 shares during the period. Serenus Wealth Advisors LLC purchased a new stake in shares of ARK Next Generation Internet ETF in the fourth quarter valued at $96,000. Finally, EMC Capital Management boosted its position in shares of ARK Next Generation Internet ETF by 1,282.4% in the fourth quarter. EMC Capital Management now owns 4,935 shares of the company’s stock worth $533,000 after buying an additional 4,578 shares during the period.

About ARK Next Generation Internet 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.