Cathie Wood’s ARK Invest Buys Over 750,000 Shares of DraftKings
A couple of Cathie Wood's ARK Invest exchange-traded funds bought over 750,000 shares of DraftKings on September 22.
A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Wednesday. These funds bought over 750,000 shares of DraftKings Inc. (NASDAQ: DKNG | DKNG Price Prediction) altogether, as the price of these ETFs gained around 1% on Wednesday. Note that these funds are up handily in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 599,968 shares of DraftKings and ARK Next Generation Internet ETF (NYSEARCA: ARKW) acquired 159,851 shares. At Wednesday’s closing prices, this would have valued these purchases at roughly $40.0 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. Both funds are up more than 30% in the past 52 weeks.
Check out all of ARK Invest’s buys for Wednesday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | BEAM | BEAM THERAPEUTICS | 917 |
| ARKG | TDOC | TELADOC HEALTH | 49,572 |
| ARKG | SGFY | SIGNIFY HEALTH | 663,604 |
| ARKG | NVTA | INVITAE | 147,384 |
| ARKK | TWOU | 2U | 113,482 |
| ARKK | TDOC | TELADOC HEALTH | 133,063 |
| ARKK | SGFY | SIGNIFY HEALTH | 972,792 |
| ARKK | PATH | UIPATH | 534,573 |
| ARKK | NVTA | INVITAE | 135,684 |
| ARKK | COIN | COINBASE GLOBAL | 39,813 |
| ARKK | DKNG | DRAFTKINGS | 599,968 |
| ARKQ | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS | 97,293 |
| ARKQ | DDD | 3D SYSTEMS | 37,046 |
| ARKW | DKNG | DRAFTKINGS | 159,851 |
| ARKW | GENI | GENIUS SPORTS | 53,600 |
| ARKX | ACHR | ARCHER AVIATION | 34,224 |
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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.
