ARK Next Generation Internet ETF (NYSEARCA:ARKW) Sets New 12-Month High – Here’s What Happened

ARK Next Generation Internet ETF (NYSEARCA:ARKW) shares reached a new 52-week high on Thursday . The company traded as high as $120.68 and last traded at $120.03, with a volume of 108575 shares. The stock had previously closed at $119.29.

ARK Next Generation Internet ETF Trading Up 0.6 %

The stock has a market cap of $2.45 billion, a P/E ratio of 64.77 and a beta of 2.04. The company’s fifty day simple moving average is $112.84 and its 200-day simple moving average is $93.96.

Institutional Trading of ARK Next Generation Internet ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC boosted its holdings in ARK Next Generation Internet ETF by 18.3% during the second quarter. Cubist Systematic Strategies LLC now owns 9,092 shares of the company’s stock valued at $709,000 after purchasing an additional 1,408 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in ARK Next Generation Internet ETF by 7.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 186,057 shares of the company’s stock valued at $14,518,000 after buying an additional 12,582 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in ARK Next Generation Internet ETF in the 2nd quarter valued at $88,000. Brown Financial Advisors bought a new stake in ARK Next Generation Internet ETF in the second quarter valued at $108,000. Finally, Mattson Financial Services LLC acquired a new position in ARK Next Generation Internet ETF during the second quarter worth $1,294,000.

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.