Cathie Wood’s Ark Invest Buys Over 235,000 Shares of Zoom Video
A couple of Cathie Wood's Ark Invest exchange-traded funds bought over 235,000 shares of Zoom Video on September 14.
A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge purchase on Tuesday. These funds bought over 235,000 shares of Zoom Video Communications Inc. (NASDAQ: ZM | ZM Price Prediction) altogether, as their share prices lost about 1% in Tuesday’s session. Note that these ETFs are up handily in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 186,149 shares of Zoom Video and ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 49,541 shares. At Tuesday’s closing prices, this would have valued these purchases at roughly $6.6 million. Even though this is a small fraction of the total holdings, every little bit counts. The innovation ETF is up 33% in the past year, and the internet ETF is up 44%.
Check out all of ARK Invest’s buys for Tuesday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | DSYSJ | DISCOVERY | 495,881 |
| ARKG | VCYT | VERACYTE | 22,500 |
| ARKG | SLGC | SOMALOGIC | 318,245 |
| ARKG | QSI | QUANTUM-SI | 18,660 |
| ARKG | PSNL | PERSONALIS | 61,847 |
| ARKG | ONEM | 1LIFE HEALTHCARE | 146,563 |
| ARKG | BLI | BERKELEY LIGHTS | 204,052 |
| ARKK | PD | PAGERDUTY | 315,567 |
| ARKK | NVTA | INVITAE | 242,119 |
| ARKK | VCYT | VERACYTE | 60,000 |
| ARKK | ZM | ZOOM VIDEO COMMUNICATIONS | 186,149 |
| ARKK | CRSP | CRISPR THERAPEUTICS | 14,500 |
| ARKK | SGFY | SIGNIFY HEALTH | 618,151 |
| ARKQ | KMTUY | KOMATSU | 102,743 |
| ARKW | HOOD | ROBINHOOD MARKETS | 236,373 |
| ARKW | VCYT | VERACYTE | 15,500 |
| ARKW | ZM | ZOOM VIDEO COMMUNICATIONS | 49,451 |
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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.
