Cathie Wood’s ARK Invest Buys Nearly 320,000 Shares of This SPAC
A couple of Cathie Wood's ARK Invest exchange-traded funds bought nearly 320,000 shares of Jaws Spitfire on September 10.
A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood bought nearly 320,000 shares of Jaws Spitfire Acquisition Corp. (NYSE: SPFR) all together on Friday, as the price of these funds were down around 1% in the day’s session. However, one of them is up a fair amount in the past year.
ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) added 198,528 shares of Jaws Spitfire, and ARK Space Exploration & Innovation (NYSEARCA: ARKX) bought 119,954 shares. At Friday’s closing price, this would have valued these purchases at roughly $3.2 million. This is only a small fraction of the total holdings. The robotics ETF is up about 47% over the past 52 weeks, and the other is up 2% since it came public.
Check out all the ARK Invest buys for Friday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | DSYSJ | DISCOVERY | 275,478 |
| ARKG | RPTX | REPARE THERAPEUTICS | 78,046 |
| ARKG | PSNL | PERSONALIS | 90,800 |
| ARKG | NVTA | INVITAE | 53,869 |
| ARKG | ADPT | ADAPTIVE BIOTECHNOLOGIES | 21,332 |
| ARKK | CRSP | CRISPR THERAPEUTICS | 17,000 |
| ARKK | VCYT | VERACYTE INC | 45,484 |
| ARKQ | SPFR | JAWS SPITFIRE ACQUISITION | 198,528 |
| ARKQ | MKFG | MARKFORGED | 174,225 |
| ARKQ | KMTUY | KOMATSU | 44,100 |
| ARKX | SPFR | JAWS SPITFIRE ACQUISITION | 119,954 |
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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.
