Cathie Wood’s ARK Invest Buys Over $176 Million Worth of Roku Shares
A couple of Cathie Wood's ARK Invest funds bought over $176 million worth of Roku shares on August 5.
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A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a sizable purchase on Thursday. The fund bought over 240,000 shares of Roku Inc. (NASDAQ: ROKU | ROKU Price Prediction) altogether, as the price of these ETFs gained over 1% on the day. Note that these funds are up significantly in the past year.
Specifically, ARK Innovation ETF (NYSEARCA: ARKK) bought 337,688 shares of Fate Therapeutics and ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 99,201 shares. At Thursday’s closing price, this would have valued this purchase at roughly $176.3 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 49% in the past year and ARKW is up closer to 48%.
Here is a look at the other purchases across the ARK ETFs:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKG | SMFR | Sema4 | 73,710 |
| ARKG | CRSP | CRISPR Therapeutics | 15,000 |
| ARKG | MASS | 908 Devices | 70,000 |
| ARKG | SURF | Surface Oncology | 38,017 |
| ARKG | RPTX | Repare Therapeutics | 525 |
| ARKG | SGFY | Signify Health | 21,100 |
| ARKK | EDIT | Editas Medicine | 25,000 |
| ARKK | SRNG | Soaring Eagle Acquisition | 1,926,400 |
| ARKK | PATH | UiPath | 119,500 |
| ARKK | ROKU | Roku | 337,688 |
| ARKQ | AVAV | Aerovironment | 9,618 |
| ARKQ | MKFG | Markforged | 224,000 |
| ARKQ | SPFR | Jaws Spitfire Acquisition | 10,336 |
| ARKW | ROKU | Roku | 99,201 |
| ARKW | GENI | Genius Sports | 280,214 |
| ARKX | SPFR | Jaws Spitfire Acquisition | 9,900 |
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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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Contact [email protected] for any questions or corrections.
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.
