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

ARK Next Generation Internation ETF (NYSEARCA:ARKW)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $106.07 and last traded at $106.07, with a volume of 31031 shares changing hands. The stock had previously closed at $104.75.

ARK Next Generation Internation ETF Price Performance

The firm has a market cap of $2.14 billion, a PE ratio of 64.77 and a beta of 2.04. The company has a 50 day simple moving average of $85.43 and a 200-day simple moving average of $80.32.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARKW. Janney Montgomery Scott LLC purchased a new stake in ARK Next Generation Internation ETF in the first quarter valued at about $334,000. Avantax Advisory Services Inc. increased its position in ARK Next Generation Internation ETF by 12.6% during the first quarter. Avantax Advisory Services Inc. now owns 18,329 shares of the company’s stock worth $1,527,000 after purchasing an additional 2,045 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of ARK Next Generation Internation ETF by 691.7% during the 1st quarter. Cetera Investment Advisers now owns 66,001 shares of the company’s stock worth $5,498,000 after purchasing an additional 57,664 shares during the period. Cetera Advisors LLC lifted its stake in shares of ARK Next Generation Internation ETF by 244.9% during the first quarter. Cetera Advisors LLC now owns 24,637 shares of the company’s stock worth $2,052,000 after purchasing an additional 17,494 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in shares of ARK Next Generation Internation ETF during the 2nd quarter valued at about $53,000.

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.