Fairscale Capital LLC Makes New $177,000 Investment in ARK Next Generation Internation ETF (NYSEARCA:ARKW)

Fairscale Capital LLC acquired a new position in shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,088 shares of the company’s stock, valued at approximately $177,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ARKW. Prudential PLC raised its holdings in shares of ARK Next Generation Internation ETF by 131.7% during the 4th quarter. Prudential PLC now owns 280,250 shares of the company’s stock valued at $21,271,000 after buying an additional 159,300 shares during the period. Cetera Investment Advisers raised its position in shares of ARK Next Generation Internation ETF by 691.7% during the 1st quarter. Cetera Investment Advisers now owns 66,001 shares of the company’s stock worth $5,498,000 after purchasing an additional 57,664 shares during the period. Gradient Investments LLC lifted its position in ARK Next Generation Internation ETF by 55.1% in the 2nd quarter. Gradient Investments LLC now owns 88,993 shares of the company’s stock valued at $6,944,000 after purchasing an additional 31,625 shares during the last quarter. Cetera Advisors LLC raised its stake in ARK Next Generation Internation ETF by 244.9% during the 1st quarter. Cetera Advisors LLC now owns 24,637 shares of the company’s stock valued at $2,052,000 after acquiring an additional 17,494 shares in the last quarter. Finally, Focus Financial Network Inc. ADV bought a new stake in shares of ARK Next Generation Internation ETF during the 4th quarter worth about $847,000.

ARK Next Generation Internation ETF Price Performance

ARKW stock opened at $84.03 on Friday. ARK Next Generation Internation ETF has a 12 month low of $49.92 and a 12 month high of $85.00. The firm has a market cap of $1.71 billion, a PE ratio of 64.77 and a beta of 2.04. The firm has a 50 day simple moving average of $78.22 and a 200 day simple moving average of $78.33.

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.