A couple of the ARK exchange-traded funds run by ETF star Cathie Wood made huge purchases on Tuesday. Accordingly these funds bought over 700,000 shares of DraftKings Inc. (NASDAQ: DKNG) shares on Tuesday, as the price of these ETFs gained more than 1% on Tuesday. Note that these ETFs are still up handily in the last year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 679,736 shares of DraftKings, while ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 28,314 shares. At Tuesday’s closing price this would have valued this purchase at roughly $31.3 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 78% in the last year, and ARKW is up 81%.
Check out all of ARK Invest’s buys for Monday:
| Fund | Direction | Ticker | Company | Shares |
|---|---|---|---|---|
| ARKF | Buy | STNE | STONECO LTD | 174,419 |
| ARKF | Buy | KSPILI | KASPI.KZ JSC | 1,603 |
| ARKF | Buy | SQ | SQUARE INC | 18,714 |
| ARKG | Buy | SGFY | SIGNIFY HEALTH INC | 27,803 |
| ARKG | Buy | RXRX | RECURSION PHARMACEUTICALS INC | 10,440 |
| ARKG | Buy | ONEM | 1LIFE HEALTHCARE INC | 28,461 |
| ARKG | Buy | MASS | 908 DEVICES INC | 25,427 |
| ARKG | Buy | CDXS | CODEXIS INC | 3,210 |
| ARKK | Buy | TSLA | TESLA INC | 43,370 |
| ARKK | Buy | PACB | PACIFIC BIOSCIENCES OF CALIFORNIA INC | 2,124 |
| ARKK | Buy | DKNG | DRAFTKINGS INC | 679,736 |
| ARKK | Buy | CRSP | CRISPR THERAPEUTICS AG | 2,131 |
| ARKK | Buy | COIN | COINBASE GLOBAL INC | 118,214 |
| ARKK | Buy | BEAM | BEAM THERAPEUTICS INC | 200 |
| ARKQ | Buy | ACIC | ATLAS CREST INVESTMENT CORP | 352,406 |
| ARKQ | Buy | TSLA | TESLA INC | 3,661 |
| ARKQ | Buy | NIU | NIU TECHNOLOGIES | 300 |
| ARKQ | Buy | PATH | UIPATH INC | 3,526 |
| ARKW | Buy | TWLO | TWILIO INC | 19,584 |
| ARKW | Buy | COIN | COINBASE GLOBAL INC | 42,248 |
| ARKW | Buy | DKNG | DRAFTKINGS INC | 28,314 |
| ARKX | Buy | BLDE | BLADE AIR MOBILITY INC | 181,896 |
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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