Investing

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

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.