ARK Next Generation Internation ETF (NYSEARCA:ARKW) Reaches New 1-Year High – Here’s What Happened

ARK Next Generation Internation ETF (NYSEARCA:ARKW)’s share price reached a new 52-week high on Friday . The stock traded as high as $89.54 and last traded at $89.54, with a volume of 24350 shares changing hands. The stock had previously closed at $88.28.

ARK Next Generation Internation ETF Trading Up 1.3 %

The firm has a market capitalization of $1.82 billion, a PE ratio of 64.77 and a beta of 2.04. The stock’s 50 day moving average price is $82.12 and its two-hundred day moving average price is $78.96.

Institutional Trading of ARK Next Generation Internation ETF

A number of institutional investors and hedge funds have recently made changes to their positions in ARKW. Northwestern Mutual Wealth Management Co. increased its holdings in 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 purchasing an additional 12,582 shares in the last quarter. Prudential PLC grew its position in shares of ARK Next Generation Internation ETF by 38.5% in the 2nd quarter. Prudential PLC now owns 132,350 shares of the company’s stock worth $10,339,000 after acquiring an additional 36,800 shares in the last quarter. Gradient Investments LLC increased its stake in 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 valued at $6,944,000 after purchasing an additional 31,625 shares during the last quarter. Brookstone Capital Management grew its position in shares of ARK Next Generation Internation ETF by 3.5% during the 1st quarter. Brookstone Capital Management now owns 71,453 shares of the company’s stock valued at $5,952,000 after buying an additional 2,425 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in ARK Next Generation Internation ETF by 691.7% in the first quarter. Cetera Investment Advisers now owns 66,001 shares of the company’s stock worth $5,498,000 after acquiring an additional 57,664 shares during 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.