ARK Next Generation Internation ETF (NYSEARCA:ARKW – Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $119.18 and last traded at $118.87, with a volume of 51233 shares traded. The stock had previously closed at $117.10.
ARK Next Generation Internation ETF Stock Performance
The firm has a market cap of $2.45 billion, a PE ratio of 64.77 and a beta of 2.04. The company has a 50 day simple moving average of $99.07 and a two-hundred day simple moving average of $85.92.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARKW. Wealth Enhancement Advisory Services LLC raised its position in shares of 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. Mattson Financial Services LLC acquired a new position in shares of ARK Next Generation Internation ETF during the second quarter valued at approximately $1,294,000. Prudential PLC lifted its holdings in ARK Next Generation Internation ETF by 38.5% in the 2nd 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 in the last quarter. Verus Capital Partners LLC lifted its stake in 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 worth $2,762,000 after purchasing an additional 1,535 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of ARK Next Generation Internation ETF during the 2nd quarter worth approximately $88,000.
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.
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