ARK Next Generation Internation ETF (NYSEARCA:ARKW) Shares Gap Up – Should You Buy?

Shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW) gapped up before the market opened on Tuesday . The stock had previously closed at $115.41, but opened at $118.54. ARK Next Generation Internation ETF shares last traded at $118.54, with a volume of 206 shares traded.

ARK Next Generation Internation ETF Stock Down 0.8 %

The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04. The stock has a fifty day moving average of $96.43 and a 200-day moving average of $84.82.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ARKW. Northwestern Mutual Wealth Management Co. increased its holdings in shares of ARK Next Generation Internation ETF by 7.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 186,057 shares of the company’s stock valued at $14,518,000 after acquiring an additional 12,582 shares during the period. Prudential PLC raised its holdings in shares of ARK Next Generation Internation ETF by 38.5% in the second quarter. Prudential PLC now owns 132,350 shares of the company’s stock valued at $10,339,000 after buying an additional 36,800 shares during the last quarter. Gradient Investments LLC boosted its stake in shares of ARK Next Generation Internation ETF by 55.1% during the second quarter. Gradient Investments LLC now owns 88,993 shares of the company’s stock worth $6,944,000 after buying an additional 31,625 shares during the period. Verus Capital Partners LLC grew its holdings in shares of ARK Next Generation Internation ETF by 4.5% during the second quarter. Verus Capital Partners LLC now owns 35,392 shares of the company’s stock worth $2,762,000 after buying an additional 1,535 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in 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 valued at $2,248,000 after acquiring an additional 827 shares during the period.

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.