One ARK Invest exchange-traded fund run by ETF star Cathie Wood bought nearly 2 million shares of Soaring Eagle Acquisition Corp. (NASDAQ: SRNG) on Thursday, as the share price of this fund traded up over 1% in the day’s session. This is doubling down on the huge purchase that Wood & Co. made on Wednesday.
Previously, ARK Genomic Revolution ETF (NYSEARCA: ARKG) bought 4,144,190 shares of the special purpose acquisition firm (SPAC), valuing the purchase at roughly $41 million.
On Thursday, ARK Innovation ETF (NYSEARCA: ARKK) bought an additional 1,926,400 shares of Soaring Eagle Acquisition. At Thursday’s closing price the transaction was valued at roughly $19.2 million. This is only a small fraction of the total holdings. ARKK is up 49% over the past 52 weeks.
Here is a quick look at all the purchases made by ARK ETFs from Thursday:
|ARKG||Buy||SMFR||SEMA4 HOLDINGS CORP||73,710|
|ARKG||Buy||CRSP||CRISPR THERAPEUTICS AG||15,000|
|ARKG||Buy||MASS||908 DEVICES INC||70,000|
|ARKG||Buy||SURF||SURFACE ONCOLOGY INC||38,017|
|ARKG||Buy||RPTX||REPARE THERAPEUTICS INC||525|
|ARKG||Buy||SGFY||SIGNIFY HEALTH INC||21,100|
|ARKK||Buy||EDIT||EDITAS MEDICINE INC||25,000|
|ARKK||Buy||SRNG||SOARING EAGLE ACQUISITION CORP||1,926,400|
|ARKQ||Buy||MKFG||MARKFORGED HOLDING CORP||224,000|
|ARKQ||Buy||SPFR||JAWS SPITFIRE ACQUISITION CORP||10,336|
|ARKW||Buy||GENI||GENIUS SPORTS LTD||280,214|
|ARKX||Buy||SPFR||JAWS SPITFIRE ACQUISITION CORP||9,900|
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.