ARK Next Generation Internation ETF (NYSEARCA:ARKW) Sets New 1-Year High – Still a Buy?

ARK Next Generation Internation ETF (NYSEARCA:ARKW)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $93.95 and last traded at $93.92, with a volume of 15635 shares trading hands. The stock had previously closed at $89.51.

ARK Next Generation Internation ETF Stock Up 7.4 %

The stock has a market cap of $1.96 billion, a PE ratio of 64.77 and a beta of 2.04. The business has a 50 day moving average price of $83.79 and a 200 day moving average price of $79.66.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC purchased a new stake in ARK Next Generation Internation ETF during the 1st quarter valued at approximately $334,000. Manchester Capital Management LLC lifted its stake in shares of ARK Next Generation Internation ETF by 49.6% during the 1st quarter. Manchester Capital Management LLC now owns 621 shares of the company’s stock worth $52,000 after purchasing an additional 206 shares during the period. Verus Capital Partners LLC increased its holdings in ARK Next Generation Internation ETF by 2.1% in the 1st quarter. Verus Capital Partners LLC now owns 33,857 shares of the company’s stock valued at $2,820,000 after purchasing an additional 703 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in shares of 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 valued at $1,527,000 after acquiring an additional 2,045 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake 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 purchasing an additional 57,664 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.