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:
|ARKQ||SPFR||JAWS SPITFIRE ACQUISITION||198,528|
|ARKX||SPFR||JAWS SPITFIRE ACQUISITION||119,954|
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.