ARK Next Generation Internation ETF (NYSEARCA:ARKW) Sees Large Volume Increase

ARK Next Generation Internation ETF (NYSEARCA:ARKW) saw unusually-strong trading volume on Thursday . Approximately 117,608 shares changed hands during mid-day trading, a decline of 55% from the previous session’s volume of 264,139 shares.The stock last traded at $74.30 and had previously closed at $74.41.

ARK Next Generation Internation ETF Trading Up 1.2 %

The company’s 50 day simple moving average is $79.48 and its 200-day simple moving average is $70.13. The firm has a market cap of $1.57 billion, a P/E ratio of 69.80 and a beta of 1.55.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LM Advisors LLC bought a new position in shares of ARK Next Generation Internation ETF in the fourth quarter worth about $27,000. BOK Financial Private Wealth Inc. purchased a new stake in ARK Next Generation Internation ETF in the 3rd quarter worth approximately $25,000. Naples Money Management LLC bought a new stake in ARK Next Generation Internation ETF during the 4th quarter worth approximately $38,000. Wetzel Investment Advisors Inc. purchased a new position in ARK Next Generation Internation ETF during the fourth quarter valued at approximately $38,000. Finally, Scarborough Advisors LLC bought a new position in shares of ARK Next Generation Internation ETF in the fourth quarter worth approximately $38,000.

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.