Cathie Wood’s ARK Invest Buys Over a Million Shares of DraftKings
A few of Cathie Wood's ARK Invest funds bought over 1 million shares of DraftKings on August 24.
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A few of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Tuesday. These funds bought over a million shares of DraftKings Inc. (NASDAQ: DKNG | DKNG Price Prediction) altogether, as the price of these ETFs gained more than 1% on Tuesday. Note that these funds are up handily in the past year.
ARK Fintech Innovation ETF (NYSEARCA: ARKF) purchased 127,608 shares of DraftKings, while ARK Innovation ETF (NYSEARCA: ARKK) bought 742,840 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) 202,723 shares. At Tuesday’s closing prices, this would have valued these purchases at roughly $60.6 million altogether. Even though this is a small fraction of the total holdings, every little bit counts.
Check out all of ARK Invest’s buys for Tuesday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | PDD | PINDUODUO | 10,231.00 |
| ARKF | Z | ZILLOW | 21,094.00 |
| ARKF | TDOC | TELADOC HEALTH | 12,603.00 |
| ARKF | DKNG | DRAFTKINGS | 127,608.00 |
| ARKF | COIN | COINBASE GLOBAL | 6,308.00 |
| ARKG | PFE | PFIZER | 258,390.00 |
| ARKG | PSNL | PERSONALIS | 4,500.00 |
| ARKG | QSI | QUANTUM-SI | 90,017.00 |
| ARKG | RPTX | REPARE THERAPEUTICS | 229.00 |
| ARKG | MASS | 908 DEVICES | 650.00 |
| ARKG | FATE | FATE THERAPEUTICS | 171,840.00 |
| ARKG | DYNS | DYNAMICS SPECIAL PURPOSE | 106.00 |
| ARKG | CMIIU | CM LIFE SCIENCES II | 1,200.00 |
| ARKG | ADPT | ADAPTIVE BIOTECHNOLOGIES | 35,080.00 |
| ARKK | SRNG | SOARING EAGLE ACQUISITION | 1,197,532.00 |
| ARKK | SGFY | SIGNIFY HEALTH | 205,551.00 |
| ARKK | NVTA | INVITAE | 49,322.00 |
| ARKK | FATE | FATE THERAPEUTICS | 357,508.00 |
| ARKK | DKNG | DRAFTKINGS | 742,840.00 |
| ARKQ | SPFR | JAWS SPITFIRE ACQUISITION | 10,000.00 |
| ARKQ | MKFG | MARKFORGED | 326,798.00 |
| ARKQ | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS | 145,772.00 |
| ARKQ | KMTUY | KOMATSU | 6,500.00 |
| ARKQ | DDD | 3D SYSTEMS | 67,394.00 |
| ARKW | DKNG | DRAFTKINGS | 202,723.00 |
| ARKW | GENI | GENIUS SPORTS | 224,800.00 |
| ARKW | LPSN | LIVEPERSON | 24,745.00 |
| ARKX | 2618HK | JD LOGISTICS | 949,290.00 |
| ARKX | ACIC | ATLAS CREST INVESTMENT | 30,464.00 |
| ARKX | PRNT | 3D PRINTING ETF | 11,184.00 |
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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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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.
