Cathie Wood’s ARK Invest Buys Over 650,000 Shares of Concord Acquisition
One of Cathie Wood's Ark Invest funds bought over 650,000 shares of Concord Acquisition on July 20.
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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:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | COIN | Coinbase Global | 18,735 |
| ARKF | PATH | UiPath | 124,593 |
| ARKG | RPTX | Repare Therapeutics | 347,968 |
| ARKG | PACB | Pacific Biosciences of California | 354,388 |
| ARKG | IONS | Ionis Pharmaceuticals | 54,702 |
| ARKG | SGFY | Signify Health | 16,800 |
| ARKG | QSI | Quantum-Si | 212,468 |
| ARKG | VERV | Verve Therapeutics | 60,922 |
| ARKG | ACCD | Accolade | 3,103 |
| ARKG | VRTX | Vertx Pharmaceuticals | 108,261 |
| ARKK | COIN | Coinbase Global | 120,069 |
| ARKK | FATE | Fate Therapeutics | 36,661 |
| ARKQ | BLDE | Blade Air Mobility | 58,752 |
| ARKQ | MGA | Magna International | 19,248 |
| ARKQ | MKFG | Markforged | 187,193 |
| ARKQ | U | Unity Software | 83,796 |
| ARKW | PATH | UiPath | 86,935 |
| ARKW | KVSB | Khosla Ventures Acquisition II | 319,300 |
| ARKW | GBTC | Grayscale Bitcoin Trust | 140,157 |
| ARKW | CND | Concord Acquisition | 661,638 |
| ARKX | 2618HK | JD Logistics | 812,800 |
| ARKX | AVAV | Aerovironment | 8,887 |
| ARKX | U | Unity Software | 18,500 |
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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.
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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.
