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

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

ARK Next Generation Internation ETF Price Performance

The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04. The stock has a 50 day moving average price of $82.55 and a two-hundred day moving average price of $79.07.

Institutional Investors Weigh In On ARK Next Generation Internation ETF

Large investors have recently added to or reduced their stakes in the business. Clear Harbor Asset Management LLC increased its holdings in ARK Next Generation Internation ETF by 4.6% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 3,587 shares of the company’s stock worth $305,000 after purchasing an additional 159 shares during the period. Allworth Financial LP increased its stake in shares of ARK Next Generation Internation ETF by 2.1% during the third quarter. Allworth Financial LP now owns 5,871 shares of the company’s stock worth $500,000 after buying an additional 121 shares during the period. Waldron Private Wealth LLC acquired a new stake in ARK Next Generation Internation ETF in the third quarter valued at approximately $216,000. Paladin Wealth LLC acquired a new stake in ARK Next Generation Internation ETF in the third quarter valued at approximately $51,000. Finally, Smith Anglin Financial LLC lifted its stake in ARK Next Generation Internation ETF by 1.2% in the third quarter. Smith Anglin Financial LLC now owns 19,383 shares of the company’s stock worth $1,650,000 after acquiring an additional 227 shares during the last quarter.

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.