A couple of the ARK exchange-traded funds run by ETF star Cathie Wood made huge purchases on Tuesday. These funds bought over 850,000 shares of DraftKings Inc. (NASDAQ: DKNG), as the price of these ETFs lost more than 2% on Tuesday. Note that these funds are still up handily in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 688,702 shares of DraftKings, while ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 181,597 shares. At Tuesday’s closing prices, this would have valued these purchases at roughly $42.2 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 81% in the past year and ARKW is up 79%.
Check out all of ARK Invest’s buys for Tuesday:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | JD | JD.COM INC | 54,700 |
| ARKF | KSPILI | KASPI.KZ JSC | 4,393 |
| ARKG | VRTX | VERTEX PHARMACEUTICALS INC | 68,784 |
| ARKG | SEER | SEER INC | 15,080 |
| ARKG | RPTX | REPARE THERAPEUTICS INC | 88,603 |
| ARKG | CMIIU | CM LIFE SCIENCES II INC | 46,182 |
| ARKK | DKNG | DRAFTKINGS INC | 688,702 |
| ARKK | PATH | UIPATH INC | 323,586 |
| ARKQ | IRDM | IRIDIUM COMMUNICATIONS INC | 50,000 |
| ARKQ | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS INC | 62,458 |
| ARKQ | PATH | UIPATH INC | 61,610 |
| ARKW | DKNG | DRAFTKINGS INC | 181,597 |
| ARKX | BLDE | BLADE AIR MOBILITY INC | 142,411 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
