Cathie Wood’s ARK Invest Buys Over 180,000 Shares of Etsy
One of Cathie Wood's ARK Invest funds bought over 180,000 shares of Etsy on June 14.
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge purchase on Monday. This fund bought over 180,000 shares of Etsy Inc. (NASDAQ: ETSY | ETSY Price Prediction), as the price of this ETF gained around 1.6% on Monday. Note that this ETF is still up handily in the past year.
It was ARK Next Generation Internet ETF (NYSEARCA: ARKW) that bought 183,172 Etsy shares. At Monday’s closing price, this would have valued this purchase at $31.2 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 88% in the past year.
Check out all of ARK Invest’s buys for Monday:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | BEKE | KE HOLDINGS INC | 156,460 |
| ARKF | JD | JD.COM INC | 47,000 |
| ARKF | KSPILI | KASPI.KZ JSC | 1,703 |
| ARKF | PATH | UIPATH INC | 135,186 |
| ARKG | CMIIU | CM LIFE SCIENCES II INC | 30,800 |
| ARKG | SEER | SEER INC | 18,113 |
| ARKG | RPTX | REPARE THERAPEUTICS INC | 33 |
| ARKQ | PATH | UIPATH INC | 22,600 |
| ARKQ | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS INC | 12,849 |
| ARKQ | IRDM | IRIDIUM COMMUNICATIONS INC | 11,693 |
| ARKW | ETSY | ETSY INC | 183,172 |
| ARKX | BLDE | BLADE AIR MOBILITY INC | 31,084 |
| ARKX | PATH | UIPATH INC | 53,758 |
| ARKX | U | UNITY SOFTWARE INC | 21,105 |
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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 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.
