Cathie Wood’s ARK Invest Buys Over 1 Million Shares of UiPath
A few of Cathie Wood's Ark Invest funds bought over 1 million shares of UiPath on June 10.
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 |
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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 financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
