Cathie Wood’s ARK Invest Buys Nearly 450,000 Shares of Twitter
A couple of Cathie Wood's Ark Invest exchange-traded funds bought nearly 450,000 shares of Twitter on October 22.
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A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood bought nearly 450,000 shares of Twitter Inc. (NYSE: TWTR) altogether on Friday, as the prices of these ETFs were down more than 1% in Friday’s session. These funds are up a fair amount in the past year.
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ARK Innovation ETF (NYSEARCA: ARKK) bought 360,261 shares of Twitter, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) added 88,683 shares. At Friday’s closing prices, this would have valued these purchases at roughly $27.9 million. This is only a small fraction of the total holdings. The innovation fund is up 21% in the past year and the other is up 32%.
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Check out all of ARK Invest’s buys for Friday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | ARCT | ARCTURUS THERAPEUTICS HOLDINGS | 51,008 |
| ARKG | NTLA | INTELLIA THERAPEUTICS | 16,492 |
| ARKG | PACB | PACIFIC BIOSCIENCES OF CALIFORNIA | 267,412 |
| ARKG | SLGC | SOMALOGIC | 216,800 |
| ARKG | SURF | SURFACE ONCOLOGY | 30,000 |
| ARKG | VCYT | VERACYTE | 19,400 |
| ARKK | TWTR | 360,261 | |
| ARKK | ROKU | ROKU | 16,743 |
| ARKK | NTLA | INTELLIA THERAPEUTICS | 11,261 |
| ARKK | BEAM | BEAM THERAPEUTICS | 45,600 |
| ARKQ | VLD | VELO3D | 64,241 |
| ARKW | TWTR | 88,683 | |
| ARKW | SNAP | SNAP | 230,323 |
| ARKW | SKLZ | SKILLZ | 530,747 |
| ARKW | LPSN | LIVEPERSON | 199,503 |
| ARKX | VLD | VELO3D INC | 139,226 |
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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Contact [email protected] for any questions or corrections.
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.
