Investing

Cathie Wood's ARK Invest Buys Over 460,000 Shares of Snap

A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood bought over 460,000 shares of Snap Inc. (NYSE: SNAP) altogether on Monday, as the share price of these funds traded up over 2% in the day’s session. Their share prices have greatly improved over the past year.

ARK Fintech Innovation ETF (NYSEARCA: ARKF) bought 160,819 shares of Snap, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 301,671 shares. At Monday’s closing price, this would have valued these purchases at roughly $25.2 million. This is only a small fraction of the total holdings. The innovation fund is up about 26% over the past 52 weeks and next-gen is up closer to 35%.

Here is a quick look at all the purchases that took place across the ARK ETFs:

Fund Ticker Name Shares
ARKF AMZN AMAZON.COM 2,085
ARKF DKNG DRAFTKINGS 235,627
ARKF ETSY ETSY 25,900
ARKF HOOD ROBINHOOD MARKETS 210,569
ARKF PAGS PAGSEGURO DIGITAL 79,193
ARKF PATH UIPATH 220,517
ARKF SNAP SNAP 160,819
ARKG VERV VERVE THERAPEUTICS 3,208
ARKG VCYT VERACYTE 1,324
ARKG SLGC SOMALOGIC 69,610
ARKG NTLA INTELLIA THERAPEUTICS 3,535
ARKG ARCT ARCTURUS THERAPEUTICS 67,105
ARKK BEAM BEAM THERAPEUTICS 7,638
ARKK PACB PACIFIC BIOSCIENCES OF CALIFORNIA 78,058
ARKK TWTR TWITTER 103,155
ARKK ROKU ROKU 12,731
ARKQ NNDM NANO DIMENSION 211,064
ARKW LPSN LIVEPERSON 179,300
ARKW PD PAGERDUTY 25,800
ARKW SKLZ SKILLZ 202,978
ARKW SNAP SNAP 301,671
ARKW SPOT SPOTIFY TECHNOLOGY 22,021
ARKX BLDE BLADE AIR MOBILITY 21,327
ARKX DDD 3D SYSTEMS 73,417
ARKX MKFG MARKFORGED 354,204
ARKX VLD VELO3D 8,320

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.