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:
|ARKK||PACB||Pacific Biosciences of California||516,093|
|ARKK||ZM||Zoom Video Communications||16,187|
|ARKQ||BLDE||Blade Air Mobility||189,651|
|ARKW||ZM||Zoom Video Communications||16,620|
|ARKW||KVSB||Khosla Ventures Acquisition II||351,458|
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.