ARK Next Generation Internation ETF (NYSEARCA:ARKW) Sets New 1-Year High at $85.16

ARK Next Generation Internation ETF (NYSEARCA:ARKW) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $85.16 and last traded at $85.10, with a volume of 19606 shares trading hands. The stock had previously closed at $84.48.

ARK Next Generation Internation ETF Stock Performance

The stock’s 50 day moving average is $78.24 and its 200 day moving average is $78.34. The company has a market capitalization of $1.72 billion, a PE ratio of 64.77 and a beta of 2.04.

Institutional Investors Weigh In On ARK Next Generation Internation ETF

Institutional investors have recently made changes to their positions in the stock. Scarborough Advisors LLC bought a new stake in shares of ARK Next Generation Internation ETF during the 4th quarter valued at $38,000. Manchester Capital Management LLC lifted its holdings in shares of ARK Next Generation Internation ETF by 49.6% in the first quarter. Manchester Capital Management LLC now owns 621 shares of the company’s stock worth $52,000 after buying an additional 206 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of ARK Next Generation Internation ETF in the second quarter valued at approximately $53,000. Strategic Investment Solutions Inc. IL purchased a new position in ARK Next Generation Internation ETF during the second quarter valued at approximately $88,000. Finally, Brown Financial Advisors bought a new stake in ARK Next Generation Internation ETF during the 2nd quarter worth approximately $108,000.

About ARK Next Generation Internation ETF

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.