A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood bought over 1.2 million shares of Twitter Inc. (NYSE: TWTR) altogether on Friday, as the prices of these ETFs were up around 1% in Friday’s session. These funds are up a fair amount in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 982,205 shares of Twitter and ARK Next Generation Internet ETF (NYSEARCA: ARKW) added 255,851 shares. At Friday’s closing price, this would have valued these purchases at roughly $88.8 million. This is only a small fraction of the total holdings. ARKK is up 55% over the past 52 weeks and ARKW is 57% higher.
Check out all of ARK Invest’s buys for Friday:
|ARKK||PACB||Pacific Biosciences of California||265,173|
|ARKQ||BLDE||Blade Air Mobility||201,989|
|ARKW||KVSB||Khosla Ventures Acquisition II||89,500|
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.