Cathie Wood’s ARK Invest Buys Over 150,000 Shares of Spotify
One of Cathie Wood's Ark Invest funds bought over 150,000 shares of Spotify on June 8.
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Tuesday. Specifically, this fund sold over 150,000 shares of Spotify Technology S.A. (NYSE: SPOT | SPOT Price Prediction), as the price of this fund gained about 0.4% in Tuesday’s session. Note that this ETF is up handily in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 156,995 shares of Spotify. At Tuesday’s closing price, this would have valued this purchase at roughly $38.1 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 76% in the past year.
Check out all of ARK Invest’s buys for Tuesday:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | KSPILI | KASPI.KZ JSC | 2,597 |
| ARKG | SURF | SURFACE ONCOLOGY INC | 50,000 |
| ARKG | SEER | SEER INC | 34,873 |
| ARKG | RPTX | REPARE THERAPEUTICS INC | 2,636 |
| ARKG | ONEM | 1LIFE HEALTHCARE INC | 159,300 |
| ARKG | CMIIU | CM LIFE SCIENCES II INC | 3,213 |
| ARKK | CRSP | CRISPR THERAPEUTICS AG | 25,000 |
| ARKK | SPOT | SPOTIFY TECHNOLOGY SA | 156,995 |
| ARKK | PATH | UIPATH INC | 192,457 |
| ARKK | PACB | PACIFIC BIOSCIENCES OF CALIFORNIA INC | 15,000 |
| ARKQ | U | UNITY SOFTWARE INC | 59,183 |
| ARKQ | TRMB | TRIMBLE INC | 189,913 |
| ARKQ | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS INC | 21,930 |
| ARKW | U | UNITY SOFTWARE INC | 107,828 |
| ARKX | IRDM | IRIDIUM COMMUNICATIONS INC | 36,239 |
| ARKX | 2618HK | JD LOGISTICS INC | 1,066,971 |
| ARKX | U | UNITY SOFTWARE INC | 26,115 |
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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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Contact [email protected] for any questions or corrections.
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.
