ARK Next Generation Internet ETF (NYSEARCA:ARKW) Sees Large Volume Increase – Here’s What Happened

ARK Next Generation Internet ETF (NYSEARCA:ARKW) shares saw strong trading volume on Monday . 505,420 shares were traded during mid-day trading, an increase of 95% from the previous session’s volume of 258,681 shares.The stock last traded at $146.7850 and had previously closed at $141.34.

ARK Next Generation Internet ETF Price Performance

The stock has a market cap of $2.09 billion, a P/E ratio of 45.71 and a beta of 1.93. The stock’s 50 day simple moving average is $167.83 and its two-hundred day simple moving average is $153.39.

Hedge Funds Weigh In On ARK Next Generation Internet ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rossby Financial LCC bought a new position in ARK Next Generation Internet ETF during the 3rd quarter worth about $25,000. MGB Wealth Management LLC bought a new stake in ARK Next Generation Internet ETF in the 1st quarter valued at approximately $28,000. Farther Finance Advisors LLC lifted its stake in ARK Next Generation Internet ETF by 39.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 209 shares of the company’s stock valued at $36,000 after acquiring an additional 59 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in ARK Next Generation Internet ETF during the 3rd quarter worth approximately $43,000. Finally, Golden State Wealth Management LLC grew its stake in shares of ARK Next Generation Internet ETF by 66.7% during the 3rd quarter. Golden State Wealth Management LLC now owns 250 shares of the company’s stock worth $44,000 after acquiring an additional 100 shares in the last quarter.

ARK Next Generation Internet 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.