ARK Next Generation Internet ETF (NYSEARCA:ARKW) Sees Unusually-High Trading Volume – Time to Buy?

Shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW) saw unusually-high trading volume on Monday . Approximately 86,574 shares changed hands during mid-day trading, an increase of 61% from the previous session’s volume of 53,834 shares.The stock last traded at $153.1870 and had previously closed at $149.12.

ARK Next Generation Internet ETF Trading Down 1.2%

The firm has a 50-day moving average of $154.98 and a two-hundred day moving average of $159.23. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 45.71 and a beta of 1.93.

ARK Next Generation Internet ETF Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a $2.3516 dividend. This represents a dividend yield of 155.0%. The ex-dividend date of this dividend was Friday, December 26th.

Hedge Funds Weigh In On ARK Next Generation Internet ETF

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in ARK Next Generation Internet ETF by 38.8% in the 1st quarter. Royal Bank of Canada now owns 26,445 shares of the company’s stock worth $2,503,000 after purchasing an additional 7,399 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of ARK Next Generation Internet ETF by 51.0% in the first quarter. Goldman Sachs Group Inc. now owns 5,884 shares of the company’s stock valued at $557,000 after buying an additional 1,987 shares during the period. Integrity Alliance LLC. bought a new stake in shares of ARK Next Generation Internet ETF in the first quarter valued at about $915,000. Gradient Investments LLC increased its stake in ARK Next Generation Internet ETF by 16.2% during the second quarter. Gradient Investments LLC now owns 137,624 shares of the company’s stock valued at $20,316,000 after acquiring an additional 19,200 shares during the period. Finally, Kingstone Capital Partners Texas LLC acquired a new position in ARK Next Generation Internet ETF in the 2nd quarter valued at approximately $15,301,000.

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. ARKW was launched on Sep 30, 2014 and is managed by ARK.