One ARK exchange-traded fund run by ETF star Cathie Wood bought nearly 200,000 shares of Meta Platforms Inc. (NASDAQ: FB), formerly known as Facebook, on Friday, as the price of this ETF gained less than 1% in Friday’s session. The fund is up significantly in the past year.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 197,259 shares of Meta. At Friday’s closing price, this would have valued this sale at roughly $63.8 million. This is only a small fraction of the total holdings. The fund is up 36% over the past 52 weeks.
Here are all the other ARK Invest purchases for Friday:
|ARKK||PACB||PACIFIC BIOSCIENCES OF CALIFORNIA||119,183|
|ARKQ||BLDE||BLADE AIR MOBILITY||43,026|
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.