One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Thursday. These funds bought over 450,000 shares of DraftKings Inc. (NASDAQ: DKNG), as the price of these ETFs lost nearly 1% on Thursday. Note that this fund is still up handily in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 486,875 shares of DraftKings. At Thursday’s closing prices, this would have valued these purchases at roughly $21.9 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 50% in the past year.
Check out all of ARK Invest’s buys for Thursday:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKG | SGFY | Signify Health | 19,156 |
| ARKG | ACCD | Accolade | 38,663 |
| ARKG | VERV | Verve Therapeutics | 141,100 |
| ARKG | RPTX | Repare Therapeutics | 400 |
| ARKG | IONS | Ionis Pharmaceuticals | 14,067 |
| ARKG | QSI | Quantum-Si | 804,500 |
| ARKK | PATH | UiPath | 197,393 |
| ARKK | PACB | Pacific Biosciences of California | 516,093 |
| ARKK | U | Unity Software | 208,194 |
| ARKK | FATE | Fate Therapeutics | 82,301 |
| ARKK | ZM | Zoom Video Communications | 16,187 |
| ARKK | DKNG | DraftKings | 453,086 |
| ARKQ | BLDE | Blade Air Mobility | 189,651 |
| ARKW | ZM | Zoom Video Communications | 16,620 |
| ARKW | KVSB | Khosla Ventures Acquisition II | 351,458 |
| ARKX | 2618HK | JD Logistics | 234,600 |
| ARKX | AVAV | Aerovironment | 372 |
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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