Cathie Wood’s ARK Invest Buys Another 450,000 Shares of DraftKings
One of Cathie Wood's ARK Invest funds bought over 450,000 shares of DraftKings on July 22.
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 | DKNG Price Prediction), 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 |
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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.
