Cathie Wood’s ARK Invest Buys Over 425,000 Shares of UiPath
A couple of Cathie Wood's Ark Invest funds bought over 425,000 shares of UiPath on June 30.
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Some ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Wednesday. Altogether, these funds bought over 425,000 shares of UiPath Inc. (NYSE: PATH | PATH Price Prediction), as the price of these ETFs dropped around 1% for the day. Note that these funds are still up handily in the past year.
ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) bought 89,424 shares of UiPath, and ARK Innovation ETF (NYSEARCA: ARKK) bought 152,245 shares, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 185,692 shares. At Wednesday’s closing price, this would have valued these purchases at roughly $29.0 million. Even though this is a small fraction of their total holdings, every little bit counts. ARKQ and ARKK are up more than 80% in the past year, but ARKW less so.
Check out all of ARK Invest’s buys for Wednesday:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKG | QSI | Quantum-Si | 266,687 |
| ARKK | PATH | UiPath | 152,245 |
| ARKQ | PATH | UiPath | 89,424 |
| ARKW | BZ | Kanzhun | 481,408 |
| ARKW | PATH | UiPath | 185,692 |
| ARKW | VUZI | Vuzix | 303,763 |
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Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and non-voting 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.
