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.
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
