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

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

ARK Next Generation Internation ETF Stock Up 0.2 %

The firm has a market capitalization of $2.42 billion, a PE ratio of 64.77 and a beta of 2.04. The business has a 50-day moving average price of $112.04 and a 200-day moving average price of $92.99.

Hedge Funds Weigh In On ARK Next Generation Internation ETF

A number of hedge funds have recently made changes to their positions in ARKW. Gradient Investments LLC raised its position in ARK Next Generation Internation ETF by 22.3% in the fourth quarter. Gradient Investments LLC now owns 144,433 shares of the company’s stock valued at $15,596,000 after purchasing an additional 26,302 shares during the period. Mattson Financial Services LLC purchased a new position in ARK Next Generation Internation ETF during the 2nd quarter valued at about $1,294,000. Northwestern Mutual Wealth Management Co. increased its stake in ARK Next Generation Internation ETF by 7.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 186,057 shares of the company’s stock worth $14,518,000 after purchasing an additional 12,582 shares during the period. Atria Investments Inc acquired a new stake in shares of ARK Next Generation Internation ETF during the third quarter worth about $923,000. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of ARK Next Generation Internation ETF by 1,467.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 8,791 shares of the company’s stock worth $683,000 after purchasing an additional 8,230 shares in the last quarter.

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.