A few of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Thursday. Altogether, these funds bought over 1 million shares of UiPath Inc. (NYSE: PATH) on Thursday, as the price of these ETFs gained more than 1% on Thursday. Note that these funds are still up handily in the last year.
ARK Genomic Revolution ETF (NYSEARCA: ARKG) bought 242,492 shares of UiPath, ARK Innovation ETF (NYSEARCA: ARKK) bought 604,635 shares, ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) bought 87,472 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 147,038 shares. At Thursday’s closing price, this would have valued this purchase at roughly $80.1 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKG is up 92% in the past year, ARKK is up 76%, ARKQ was up about 72% and ARKW is up 74%.
Check out all of ARK Invest’s buys for Thursday:
|ARKG||CMIIU||CM LIFE SCIENCES II INC||9,200|
|ARKK||COIN||COINBASE GLOBAL INC||60,813|
|ARKQ||KTOS||KRATOS DEFENSE & SECURITY SOLUTIONS INC||77,623|
|ARKQ||IRDM||IRIDIUM COMMUNICATIONS INC||19,506|
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.