One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge purchase on Wednesday. This fund bought over 60,000 shares of Teladoc Health Inc. (NYSE: TDOC), as the price of this ETF gained slightly on Wednesday. Note that this fund is up handily in the past year.
ARK Fintech Innovation ETF (NYSEARCA: ARKF) purchased 61,374 shares of Teladoc. At Wednesday’s closing price, this would have valued the purchase at roughly $8.9 million. Even though this is a small fraction of the total holdings, every little bit counts. The ETF is up about 36% in the past 52 weeks.
Check out all of the ARK Invest buys for Wednesday:
|ARKG||DYNS||DYNAMICS SPECIAL PURPOSE||3|
|ARKG||CMIIU||CM LIFE SCIENCES II||18,100|
|ARKQ||KTOS||KRATOS DEFENSE & SECURITY SOLUTIONS||9,060|
|ARKX||ACIC||ATLAS CREST INVESTMENT||121,997|
|ARKX||PRNT||3D PRINTING ETF||12,220|
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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