ARK Next Generation Internation ETF (NYSEARCA:ARKW) Sets New 52-Week High – Time to Buy?

ARK Next Generation Internation ETF (NYSEARCA:ARKW) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $120.42 and last traded at $120.20, with a volume of 52796 shares. The stock had previously closed at $118.62.

ARK Next Generation Internation ETF Stock Performance

The company has a 50-day moving average of $112.36 and a 200-day moving average of $93.25. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ARKW. Crews Bank & Trust acquired a new stake in ARK Next Generation Internation ETF in the fourth quarter valued at about $43,000. Paladin Wealth LLC purchased a new position in shares of ARK Next Generation Internation ETF during the 3rd quarter worth approximately $51,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of ARK Next Generation Internation ETF in the 2nd quarter valued at approximately $88,000. Brown Financial Advisors purchased a new stake in shares of ARK Next Generation Internation ETF in the second quarter valued at approximately $108,000. Finally, Eagle Wealth Strategies LLC acquired a new position in ARK Next Generation Internation ETF during the fourth quarter worth $202,000.

ARK Next Generation Internation 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.