Cathie Wood’s ARK Invest Buys Over 95,000 Shares of Zoom Video
One of Cathie Wood's Ark Invest funds bought over 95,000 shares of Zoom Video on June 3.
One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge purchase on Thursday. Accordingly, this fund bought over 95,000 shares of Zoom Video Communications Inc. (NASDAQ: ZM | ZM Price Prediction) shares, as the price of this ETF dropped about 3.5% in Thursday’s session. Note that this ETF is up handily in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 96,123 shares of Zoom Video. At Thursday’s closing price, this would have valued this purchase at roughly $30.7 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 66% in the past year.
Check out all of ARK Invest’s buys for Thursday:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | GOOG | ALPHABET INC | 4,496 |
| ARKF | KSPILI | KASPI.KZ JSC | 4,866 |
| ARKG | SGFY | SIGNIFY HEALTH INC | 32,322 |
| ARKG | RPTX | REPARE THERAPEUTICS INC | 13,463 |
| ARKG | MASS | 908 DEVICES INC | 200 |
| ARKG | DRNA | DICERNA PHARMACEUTICALS INC | 3,406 |
| ARKK | ZM | ZOOM VIDEO COMMUNICATIONS INC | 96,123 |
| ARKK | PACB | PACIFIC BIOSCIENCES OF CALIFORNIA INC | 40,000 |
| ARKK | CRSP | CRISPR THERAPEUTICS AG | 8,000 |
| ARKQ | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS INC | 44,867 |
| ARKQ | NIU | NIU TECHNOLOGIES | 78,702 |
| ARKX | RTP | REINVENT TECHNOLOGY PARTNERS | 54,800 |
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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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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.
