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), 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:
|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||RPTX||REPARE THERAPEUTICS INC||9,704|
|ARKQ||ISRG||INTUITIVE SURGICAL INC||7,259|
|ARKQ||KTOS||KRATOS DEFENSE & SECURITY SOLUTIONS INC||72,725|
|ARKQ||SPFR||JAWS SPITFIRE ACQUISITION CORP||12,000|
|ARKX||RTP||REINVENT TECHNOLOGY PARTNERS||52,526|
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.