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 writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
