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

ARK Next Generation Internation ETF (NYSEARCA:ARKW) shares hit a new 52-week high during trading on Friday . The stock traded as high as $107.86 and last traded at $107.79, with a volume of 47710 shares trading hands. The stock had previously closed at $106.43.

ARK Next Generation Internation ETF Trading Up 1.8 %

The business has a 50-day moving average of $90.43 and a 200 day moving average of $82.12. The firm has a market capitalization of $2.21 billion, a P/E ratio of 64.77 and a beta of 2.04.

Institutional Investors Weigh In On ARK Next Generation Internation ETF

Several hedge funds and other institutional investors have recently modified their holdings of ARKW. BNP Paribas Financial Markets grew its holdings in shares of ARK Next Generation Internation ETF by 2.2% during the third quarter. BNP Paribas Financial Markets now owns 14,745 shares of the company’s stock valued at $1,255,000 after buying an additional 314 shares during the last quarter. Nwam LLC bought a new position in ARK Next Generation Internation ETF in the 3rd quarter valued at about $349,000. 17 Capital Partners LLC boosted its stake in ARK Next Generation Internation ETF by 31.6% during the 3rd quarter. 17 Capital Partners LLC now owns 4,439 shares of the company’s stock valued at $378,000 after purchasing an additional 1,065 shares during the last quarter. Atria Investments Inc bought a new stake in ARK Next Generation Internation ETF during the 3rd quarter worth approximately $923,000. Finally, Clear Harbor Asset Management LLC raised its stake in shares of ARK Next Generation Internation ETF by 4.6% in the third 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 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.