ARK Next Generation Internation ETF (NYSEARCA:ARKW) Hits New 52-Week High – Time to Buy?

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

ARK Next Generation Internation ETF Trading Up 0.2 %

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

Institutional Trading of ARK Next Generation Internation ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Gradient Investments LLC raised its holdings in ARK Next Generation Internation ETF by 22.3% in the 4th quarter. Gradient Investments LLC now owns 144,433 shares of the company’s stock worth $15,596,000 after purchasing an additional 26,302 shares during the period. Mattson Financial Services LLC acquired a new position in shares of ARK Next Generation Internation ETF during the 2nd quarter worth approximately $1,294,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of ARK Next Generation Internation ETF by 7.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 186,057 shares of the company’s stock valued at $14,518,000 after buying an additional 12,582 shares in the last quarter. Atria Investments Inc acquired a new stake in ARK Next Generation Internation ETF in the 3rd quarter valued at $923,000. Finally, Mercer Global Advisors Inc. ADV increased its holdings in ARK Next Generation Internation ETF by 1,467.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,791 shares of the company’s stock worth $683,000 after acquiring an additional 8,230 shares in the last quarter.

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.