One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a sizable purchase on Tuesday. The fund bought over 430,000 shares of Farfetch Ltd. (NYSE: FTCH), as the price of this ETF was relatively flat on the day. Note that this fund is up significantly in the past year.
Specifically, ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 432,835 shares of Farfetch. At Tuesday’s closing price, this would have valued this purchase at roughly $21.0 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 65% in the past year.
Here’s a look at the other purchases across the ARK ETFs:
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.