One of the ARK exchange-traded funds run by ETF star Cathie Wood made a huge purchase on Thursday. Accordingly, this fund bought over 55,000 shares of Zoom Video Communications Inc. (NASDAQ: ZM) shares, as the price of this ETF gained about 1% in Thursday’s session. Note that this ETF is up handily in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 58,345 shares of Zoom Video. At Thursday’s closing price, this would have valued this purchase at roughly $19.0 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 85% in the past year.
Check out all of ARK Invest’s buys for Thursday:
|ARKF||4689JP||Z HOLDINGS CORP||733,800|
|ARKG||RPTX||REPARE THERAPEUTICS INC||4,658|
|ARKG||MASS||908 DEVICES INC||68,601|
|ARKG||CMLF||CM LIFE SCIENCES INC||19,400|
|ARKG||CMIIU||CM LIFE SCIENCES II INC||15,840|
|ARKK||ZM||ZOOM VIDEO COMMUNICATIONS INC||58,345|
|ARKK||EXAS||EXACT SCIENCES CORP||15,315|
|ARKQ||ACIC||ATLAS CREST INVESTMENT CORP||42,298|
|ARKQ||SPFR||JAWS SPITFIRE ACQUISITION CORP||21,518|
|ARKQ||IRDM||IRIDIUM COMMUNICATIONS INC||14,743|
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.