Cathie Wood’s ARK Invest Buys Over 1 Million Shares of Iovance Bio
A couple of Cathie Wood's Ark Invest funds bought over 1 million shares of Iovance Bio on May 20.
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A couple of the ARK exchange-traded funds run by ETF star Cathie Wood made huge purchases on Thursday. These funds bought over 1 million shares of Iovance Biotherapeutics Inc. (NASDAQ: IOVA) shares on Thursday, as the price of these ETFs rose around 3% on Thursday. Note that these ETFs are still up handily in the last year.
ARK Genomic Revolution ETF (NYSEARCA: ARKG) bought 201,664 shares, while ARK Innovation ETF (NYSEARCA: ARKK) bought 808,642 shares of Iovance. At Thursday’s closing price this would have valued this purchase at $18.9 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKG is up 65%, and ARKK is up 75% in the last year.
Check out all of ARK Invest’s buys for Thursday:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | COIN | COINBASE GLOBAL INC | 38,220 |
| ARKF | KSPILI | KASPI.KZ JSC | 4,436 |
| ARKG | RXRX | RECURSION PHARMACEUTICALS INC | 14,440 |
| ARKG | ONEM | 1LIFE HEALTHCARE INC | 144,563 |
| ARKG | SGFY | SIGNIFY HEALTH INC | 139,900 |
| ARKG | IOVA | IOVANCE BIOTHERAPEUTICS INC | 201,664 |
| ARKG | CSTL | CASTLE BIOSCIENCES INC | 11,536 |
| ARKG | CMIIU | CM LIFE SCIENCES II INC | 305 |
| ARKG | CDXS | CODEXIS INC | 1,929 |
| ARKG | MASS | 908 DEVICES INC | 13,080 |
| ARKG | RPTX | REPARE THERAPEUTICS INC | 41,780 |
| ARKK | PACB | PACIFIC BIOSCIENCES OF CALIFORNIA INC | 7,496 |
| ARKK | IOVA | IOVANCE BIOTHERAPEUTICS INC | 808,642 |
| ARKK | EXAS | EXACT SCIENCES CORP | 125,929 |
| ARKK | COIN | COINBASE GLOBAL INC | 216,518 |
| ARKK | BEAM | BEAM THERAPEUTICS INC | 30,000 |
| ARKQ | ACIC | ATLAS CREST INVESTMENT CORP | 421,940 |
| ARKQ | PATH | UIPATH INC | 6,131 |
| ARKQ | NIU | NIU TECHNOLOGIES | 125,271 |
| ARKX | BLDE | BLADE AIR MOBILITY INC | 105,037 |
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Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.
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Contact [email protected] for any questions or corrections.
Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
