Cathie Wood’s ARK Invest Buys Over 725,000 Shares of Twitter
A couple of Cathie Wood's Ark Invest funds bought over 725,000 shares of Twitter on May 24.
A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood bought over 725,000 shares of Twitter Inc. (NYSE: TWTR) shares altogether on Monday, as the prices of these ETFs were up around 3% in Monday’s session. These funds are up a fair amount in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 727,315 shares of Twitter and ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 4,460 shares. At Monday’s closing price this would have valued this purchase at roughly $41.8 million. This is only a small fraction of the total holdings. ARKK is up 76% over the past 52 weeks and ARKW is up 84%.
Check out all of ARK Invest’s buys for Friday:
| Fund | Direction | Ticker | Company | Shares |
|---|---|---|---|---|
| ARKF | Buy | DKNG | DRAFTKINGS INC | 130,400 |
| ARKF | Buy | KSPILI | KASPI.KZ JSC | 4,335 |
| ARKG | Buy | SURF | SURFACE ONCOLOGY INC | 64,459 |
| ARKG | Buy | SGFY | SIGNIFY HEALTH INC | 24,793 |
| ARKG | Buy | RPTX | REPARE THERAPEUTICS INC | 14,705 |
| ARKG | Buy | MASS | 908 DEVICES INC | 12,436 |
| ARKG | Buy | BLI | BERKELEY LIGHTS INC | 15,000 |
| ARKG | Buy | DRNA | DICERNA PHARMACEUTICALS INC | 70,635 |
| ARKG | Buy | CMIIU | CM LIFE SCIENCES II INC | 10,159 |
| ARKG | Buy | CDXS | CODEXIS INC | 51,195 |
| ARKK | Buy | CRSP | CRISPR THERAPEUTICS AG | 34,227 |
| ARKK | Buy | TWTR | TWITTER INC | 727,315 |
| ARKQ | Buy | IRDM | IRIDIUM COMMUNICATIONS INC | 48,400 |
| ARKQ | Buy | ACIC | ATLAS CREST INVESTMENT CORP | 279,732 |
| ARKW | Buy | TWTR | TWITTER INC | 4,460 |
| ARKW | Buy | GBTC | GRAYSCALE BITCOIN TRUST BTC | 516,001 |
| ARKW | Buy | VUZI | VUZIX CORP | 2,634 |
| ARKX | Buy | U | UNITY SOFTWARE INC | 10,672 |
| ARKX | Buy | BLDE | BLADE AIR MOBILITY INC | 118,075 |
| ARKX | Buy | NFLX | NETFLIX INC | 2,453 |
[nativounit]
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.
[recirclink id=886202][wallst_email_signup]
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.
