Cathie Wood’s ARK Invest Buys Over 150,000 Shares of Etsy
One of Cathie Wood's ARK Invest funds bought over 150,000 shares of Etsy on June 2.
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge purchase on Wednesday. This fund bought over 150,000 shares of Etsy Inc. (NASDAQ: ETSY | ETSY Price Prediction), as the price of this ETF gained around 0.3% on Wednesday. Note that this ETF is still up handily in the past year.
It was ARK Next Generation Internet ETF (NYSEARCA: ARKW) that bought 157,181 shares of Etsy. At Wednesday’s closing price, this would have valued this purchase at $27.5 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 81% in the past year.
Check out all of ARK Invest’s buys for Wednesday:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | KSPI LI | KASPI.KZ JSC | 4,738 |
| ARKG | CMIIU | CM LIFE SCIENCES II INC | 10,400 |
| ARKG | DRNA | DICERNA PHARMACEUTICALS INC | 142,313 |
| ARKG | SGFY | SIGNIFY HEALTH INC | 129,777 |
| ARKG | SEER | SEER INC | 11,789 |
| ARKG | RPTX | REPARE THERAPEUTICS INC | 9,704 |
| ARKQ | ISRG | INTUITIVE SURGICAL INC | 7,259 |
| ARKQ | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS INC | 72,725 |
| ARKQ | NIU | NIU TECHNOLOGIES | 53,389 |
| ARKQ | SPFR | JAWS SPITFIRE ACQUISITION CORP | 12,000 |
| ARKW | ETSY | ETSY INC | 157,181 |
| ARKW | VUZI | VUZIX CORP | 98,151 |
| ARKX | RTP | REINVENT TECHNOLOGY PARTNERS | 52,526 |
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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 writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
