Cathie Wood’s ARK Invest Buys Over 1.2 Million Shares of Twitter
A couple of Cathie Wood's Ark Invest funds bought over 1.2 million shares of Twitter on July 23.
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:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKG | QSI | Quantum-Si | 294,054 |
| ARKG | ACCD | Accolade | 30,734 |
| ARKG | VERV | Verve Therapeutics | 88,576 |
| ARKG | SGFY | Signify Health | 198,270 |
| ARKG | RPTX | Repare Therapeutics | 107,914 |
| ARKG | IONS | Ionis Pharmaceuticals | 58,244 |
| ARKK | U | Unity Software | 23,749 |
| ARKK | TWTR | 982,205 | |
| ARKK | PATH | UiPath | 80,566 |
| ARKK | PACB | Pacific Biosciences of California | 265,173 |
| ARKK | FATE | Fate Therapeutics | 74,121 |
| ARKQ | BLDE | Blade Air Mobility | 201,989 |
| ARKW | DKNG | DraftKings | 122,828 |
| ARKW | KVSB | Khosla Ventures Acquisition II | 89,500 |
| ARKW | TWTR | 255,581 |
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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., owner of 247wallst.com.
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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.
