One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a sizable purchase on Tuesday. The fund bought nearly 650,000 shares of Concord Acquisition Corp. (NYSE: CND), as the price of this ETF gained over 2% on the day. Note that this fund is up significantly in the past year.
Specifically, ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 661,638 shares of Concord Acquisition. At Tuesday’s closing price, this would have valued this purchase at roughly $6.8 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 47% in the past year.
Here’s a look at the other purchases across the ARK ETFs:
|ARKG||PACB||Pacific Biosciences of California||354,388|
|ARKQ||BLDE||Blade Air Mobility||58,752|
|ARKW||KVSB||Khosla Ventures Acquisition II||319,300|
|ARKW||GBTC||Grayscale Bitcoin Trust||140,157|
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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