Cathie Wood’s ARK Invest Buys Over 130,000 Shares of Roblox
One of Cathie Wood's Ark Invest funds bought over 130,000 shares of Roblox on June 16.
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One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a sizable purchase on Wednesday. The fund bought over 130,000 shares of Roblox Corp. (NYSE: RBLX | RBLX Price Prediction), as the price of this ETF was relatively flat on the day. Note that this fund is still up significantly in the past year.
Specifically, ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 134,250 shares of Roblox. At Wednesday’s closing price, this would have valued this purchase at roughly $1.1 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 74% in the past year.
Here’s a look at all the other Buys across the ARK ETFs:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | JD | JD.COM INC | 37,200 |
| ARKG | SEER | SEER INC | 18,755 |
| ARKG | CMIIU | CM LIFE SCIENCES II INC | 1,314,983 |
| ARKQ | PATH | UIPATH INC | 23,743 |
| ARKQ | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS INC | 51,095 |
| ARKQ | IRDM | IRIDIUM COMMUNICATIONS INC | 60,000 |
| ARKQ | BLDE | BLADE AIR MOBILITY INC | 41,896 |
| ARKW | RBLX | ROBLOX CORP | 134,250 |
| ARKX | BLDE | BLADE AIR MOBILITY INC | 32,080 |
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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.
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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.
