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

by · The Cerbat Gem

ARK Next Generation Internation ETF (NYSEARCA:ARKW – Get Free Report)’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

(Get Free Report)

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.

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