Cathie Wood’s ARK Invest Buys Nearly 700,000 Shares of Quantum-Si
One of Cathie Wood's Ark Invest funds bought nearly 700,000 shares of Quantum-Si on June 17.
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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 nearly 700,000 shares of Quantum-SI Inc. (NASDAQ: QSI), as the price of this ETF gained about 2.5% on the day. Note that this fund is still up significantly in the past year.
Specifically, ARK Genomic Revolution ETF (NYSEARCA: ARKG) bought 688,036 shares of Quantum-Si. At Wednesday’s closing price, this would have valued this purchase at roughly $5.6 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.
Here’s a look at the other buys across the ARK ETFs:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKG | CMIIU | CM LIFE SCIENCES II INC | 556,195 |
| ARKG | CRSP | CRISPR THERAPEUTICS AG | 5,400 |
| ARKG | QSI | QUANTUM-SI INC | 688,036 |
| ARKK | PD | PAGERDUTY INC | 22,658 |
| ARKQ | BLDE | BLADE AIR MOBILITY INC | 149,784 |
| ARKQ | IRDM | IRIDIUM COMMUNICATIONS INC | 1,478 |
| ARKQ | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS INC | 23,051 |
| ARKQ | PATH | UIPATH INC | 22,912 |
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.
