Investing

Cathie Wood’s ARK Invest Buys Over 1 Million Shares of UiPath

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:

Fund Ticker Company Shares
ARKF KSPILI KASPI.KZ JSC 9,882
ARKG CMIIU CM LIFE SCIENCES II INC 9,200
ARKG PATH UIPATH INC 242,492
ARKK COIN COINBASE GLOBAL INC 60,813
ARKK PATH UIPATH INC 604,635
ARKQ PATH UIPATH INC 87,472
ARKQ KTOS KRATOS DEFENSE & SECURITY SOLUTIONS INC 77,623
ARKQ IRDM IRIDIUM COMMUNICATIONS INC 19,506
ARKW PATH UIPATH INC 147,038


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.