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) 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:
|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|
|ARKX||RTP||REINVENT TECHNOLOGY PARTNERS||54,800|
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.