Cathie Wood’s ARK Invest Buys Nearly 450,000 Shares of UiPath
A couple of Cathie Wood's Ark Invest funds bought nearly 450,000 shares of UiPath on July 8.
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A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Thursday. Altogether, these funds bought nearly 450,000 shares of UiPath Inc. (NYSE: PATH | PATH Price Prediction), as the price of this ETF dropped less than 1% on Thursday. Note that this fund is still up handily in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 445,042 shares of UiPath. At Thursday’s closing price, this would have valued these purchases at roughly $30.4 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 55% in the past year.
Check out all of ARK Invest’s buys for Thursday:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKG | SGFY | Signify Health | 90,214 |
| ARKG | MASS | 908 Devices | 18,400 |
| ARKG | QSI | Quantum-Si | 231,750 |
| ARKG | RPTX | Repare Therapeutics | 11,285 |
| ARKG | RXRX | Recursion Pharmaceuticals | 45,992 |
| ARKK | COIN | Coinbase Global | 218,424 |
| ARKK | FATE | Fate Therapeutics | 32,305 |
| ARKK | PATH | UiPath | 445,042 |
| ARKQ | KTOS | Kratos Defense & Security Solutions | 68,215 |
| ARKW | COIN | Coinbase Global | 37,054 |
| ARKW | FTCH | Farfetch | 187,402 |
| ARKW | VUZI | Vuzix | 59,338 |
| ARKW | U | Unity Software | 72,233 |
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Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.
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Contact [email protected] for any questions or corrections.
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.
