Investing
Cathie Wood's ARK Invest Buys Over 95,000 Shares of Zoom Video
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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:
| 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 |
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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