ARK Next Generation Internation ETF (NYSEARCA:ARKW) Hits New 12-Month High at $85.16

Shares of ARK Next Generation Internation ETF (NYSEARCA:ARKW) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $85.16 and last traded at $85.10, with a volume of 19606 shares traded. The stock had previously closed at $84.48.

ARK Next Generation Internation ETF Price Performance

The company has a market cap of $1.72 billion, a P/E ratio of 64.77 and a beta of 2.04. The company has a 50 day moving average of $78.24 and a 200-day moving average of $78.34.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prudential PLC lifted its stake in ARK Next Generation Internation ETF by 131.7% during the fourth quarter. Prudential PLC now owns 280,250 shares of the company’s stock worth $21,271,000 after purchasing an additional 159,300 shares during the last quarter. Cetera Investment Advisers lifted its stake in ARK Next Generation Internation ETF by 691.7% in the first 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 last quarter. Gradient Investments LLC boosted its holdings in ARK Next Generation Internation ETF by 55.1% during the 2nd quarter. Gradient Investments LLC now owns 88,993 shares of the company’s stock valued at $6,944,000 after acquiring an additional 31,625 shares during the period. Cetera Advisors LLC increased its stake in ARK Next Generation Internation ETF by 244.9% in the 1st quarter. Cetera Advisors LLC now owns 24,637 shares of the company’s stock worth $2,052,000 after purchasing an additional 17,494 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of ARK Next Generation Internation ETF by 7.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 186,057 shares of the company’s stock valued at $14,518,000 after acquiring an additional 12,582 shares during the period.

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.