Cathie Wood’s ARK Invest Buys Over 460,000 Shares of Snap
A couple of Cathie Wood's ARK Invest exchange-traded funds bought over 460,000 shares of Snap on October 25.
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A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood bought over 460,000 shares of Snap Inc. (NYSE: SNAP | SNAP Price Prediction) 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.
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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%.
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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 | 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.
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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.
