A few of the ARK exchange-traded funds run by ETF star Cathie Wood made huge purchases on Thursday. Accordingly these funds bought over 1 million shares of UiPath Inc. (NYSE: PATH) shares on Thursday, as the price of these ETFs gained more than 1% on Thursday. Note that these ETFs are still up handily in the last year.
ARK Genomic Revolution ETF (NYSEARCA: ARKG) bought 242,492 shares of UiPath, ARK Innovation ETF (NYSEARCA: ARKK) bought 604,635 shares, ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) bought 87,472 shares, while ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 147,038 shares. At Thursday’s closing price this would have valued this purchase at roughly $80.1 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKG is up 92% in the last year, ARKK is up 76%, ARKQ was up about 72%, and ARKW is up 74%.
Check out all of ARK Invest’s buys for Thursday:
|ARKG||Buy||CMIIU||CM LIFE SCIENCES II INC||9,200|
|ARKK||Buy||COIN||COINBASE GLOBAL INC||60,813|
|ARKQ||Buy||KTOS||KRATOS DEFENSE & SECURITY SOLUTIONS INC||77,623|
|ARKQ||Buy||IRDM||IRIDIUM COMMUNICATIONS INC||19,506|
Catherine Wood, the CEO and CIO of ARK Investment Management LLC is a minority and non-voting shareholder of 24/7 Wall St., LLC, owner of 247wallst.com.
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