Cathie Wood’s ARK Invest Buys Over 800,000 Shares of Twitter
A couple of Cathie Wood's Ark Invest exchange-traded funds bought over 800,000 shares of Twitter on September 23.
A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood bought over 800,000 shares of Twitter Inc. (NYSE: TWTR) altogether on Thursday, as the prices of these ETFs were up around 1% in Thursday’s session. These funds are up a fair amount in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 661,141 shares of Twitter and ARK Next Generation Internet ETF (NYSEARCA: ARKW) added 168,766 shares. At Thursday’s closing prices, this would have valued these purchases at roughly $55.3 million. This is only a small fraction of the total holdings. The innovation fund is up 38% in the past year and the other is up 46%.
Check out all of ARK Invest’s buys for Thursday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | QSI | QUANTUM-SI | 35,000 |
| ARKG | SGFY | SIGNIFY HEALTH | 500,056 |
| ARKK | TDOC | TELADOC HEALTH | 256,100 |
| ARKK | PD | PAGERDUTY | 26,594 |
| ARKK | NVTA | INVITAE | 531,209 |
| ARKK | TWOU | 2U | 35,621 |
| ARKK | TWTR | 661,141 | |
| ARKK | SGFY | SIGNIFY HEALTH | 830,777 |
| ARKQ | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS | 22,934 |
| ARKQ | ACHR | ARCHER AVIATION | 24,982 |
| ARKW | GENI | GENIUS SPORTS | 154,978 |
| ARKW | TWTR | 168,766 |
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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.
