ARK Next Generation Internation ETF (NYSEARCA:ARKW) Shares Gap Up – Still a Buy?

ARK Next Generation Internation ETF (NYSEARCA:ARKW) gapped up prior to trading on Tuesday . The stock had previously closed at $115.41, but opened at $118.54. ARK Next Generation Internation ETF shares last traded at $118.54, with a volume of 206 shares.

ARK Next Generation Internation ETF Stock Up 3.0 %

The stock has a market capitalization of $2.39 billion, a P/E ratio of 64.77 and a beta of 2.04. The firm has a fifty day moving average price of $97.73 and a two-hundred day moving average price of $85.30.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Paladin Wealth LLC purchased a new stake in shares of ARK Next Generation Internation ETF during the 3rd quarter valued at about $51,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ARK Next Generation Internation ETF in the 2nd quarter worth $88,000. Brown Financial Advisors bought a new position in ARK Next Generation Internation ETF in the 2nd quarter worth $108,000. Fairscale Capital LLC bought a new stake in ARK Next Generation Internation ETF during the second quarter valued at about $177,000. Finally, Dynamic Advisor Solutions LLC increased its position in ARK Next Generation Internation ETF by 6.4% in the second quarter. Dynamic Advisor Solutions LLC now owns 2,707 shares of the company’s stock worth $211,000 after buying an additional 164 shares in 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.