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), 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:
|ARKF||BEKE||KE HOLDINGS INC||156,460|
|ARKG||CMIIU||CM LIFE SCIENCES II INC||30,800|
|ARKG||RPTX||REPARE THERAPEUTICS INC||33|
|ARKQ||KTOS||KRATOS DEFENSE & SECURITY SOLUTIONS INC||12,849|
|ARKQ||IRDM||IRIDIUM COMMUNICATIONS INC||11,693|
|ARKX||BLDE||BLADE AIR MOBILITY INC||31,084|
|ARKX||U||UNITY SOFTWARE INC||21,105|
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.