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), 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:
|ARKG||CMIIU||CM LIFE SCIENCES II INC||1,314,983|
|ARKQ||KTOS||KRATOS DEFENSE & SECURITY SOLUTIONS INC||51,095|
|ARKQ||IRDM||IRIDIUM COMMUNICATIONS INC||60,000|
|ARKQ||BLDE||BLADE AIR MOBILITY INC||41,896|
|ARKX||BLDE||BLADE AIR MOBILITY INC||32,080|
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.