ARK Next Generation Internet ETF (NYSEARCA:ARKW – Get Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $145.53 and last traded at $143.80, with a volume of 673578 shares trading hands. The stock had previously closed at $141.46.
ARK Next Generation Internet ETF Trading Down 0.9%
The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 45.71 and a beta of 1.89. The stock has a 50-day moving average price of $117.91 and a 200 day moving average price of $111.63.
Institutional Investors Weigh In On ARK Next Generation Internet ETF
Institutional investors have recently modified their holdings of the business. Integrity Alliance LLC. acquired a new stake in ARK Next Generation Internet ETF in the 1st quarter worth about $915,000. Goldman Sachs Group Inc. raised its stake in ARK Next Generation Internet ETF by 51.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,884 shares of the company’s stock valued at $557,000 after purchasing an additional 1,987 shares during the last quarter. Banque Transatlantique SA acquired a new position in ARK Next Generation Internet ETF in the 1st quarter valued at $73,000. Royal Bank of Canada lifted its holdings in ARK Next Generation Internet ETF by 38.8% in the 1st quarter. Royal Bank of Canada now owns 26,445 shares of the company’s stock valued at $2,503,000 after purchasing an additional 7,399 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in ARK Next Generation Internet ETF during the 1st quarter worth $675,000.
About ARK Next Generation Internet 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.
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