Cathie Wood’s ARK Invest Buys Over 350,000 Shares of Quantum-Si
One of Cathie Wood's Ark Invest funds bought over 350,000 shares of Quantum-Si on July 1.
One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a sizable purchase on Thursday. The fund bought over 350,000 shares of Quantum-Si Inc. (NASDAQ: QSI), as the price of this ETF gained about 0.4% on the day. Note that this fund is up significantly in the past year.
Specifically, ARK Genomic Revolution ETF (NYSEARCA: ARKG) bought 350,312 shares of Quantum-Si. At Thursday’s closing price, this would have valued this purchase at roughly $4.2 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 76% in the past year.
Here’s a look at the other purchases across the ARK ETFs:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKG | QSI | Quantum-Si | 350,312 |
| ARKG | SEER | Seer | 52,532 |
| ARKW | BZ | Kanzhun | 242,938 |
| ARKW | VUZI | Vuzix | 354,128 |
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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 writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
