Cathie Wood’s ARK Invest Buys Over 550,000 Shares of Genius Sports
One of Cathie Wood's Ark Invest exchange-traded funds bought over 550,000 shares of Genius Sports on November 2.
One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge purchase on Tuesday. Specifically, this fund bought over 550,000 shares of Genius Sports Ltd. (NYSE: GENI), as the price of this fund was down over 1% on the day. Note that this ETF is up a fair amount in the past year.
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ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 553,981 shares. At Tuesday’s closing price, this would have valued this purchase at roughly $10.4 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 45% in the past year.
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Check out all of ARK Invest’s purchases for Tuesday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | PATH | UIPATH | 115,695 |
| ARKG | ADPT | ADAPTIVE BIOTECHNOLOGIES | 143,500 |
| ARKG | ALLO | ALLOGENE THERAPEUTICS | 116,133 |
| ARKG | CDNA | CAREDX | 102,176 |
| ARKG | EXAS | EXACT SCIENCES | 23,795 |
| ARKK | Z | ZILLOW | 288,813 |
| ARKK | TWOU | 2U INC | 71,000 |
| ARKK | PACB | PACIFIC BIOSCIENCES OF CALIFORNIA | 125,658 |
| ARKK | DKNG | DRAFTKINGS | 515,832 |
| ARKK | BEAM | BEAM THERAPEUTICS | 1,442 |
| ARKQ | TWOU | 2U | 8,800 |
| ARKQ | PATH | UIPATH | 29,846 |
| ARKQ | NIU | NIU TECHNOLOGIES | 49,337 |
| ARKQ | MKFG | MARKFORGED | 5,511 |
| ARKQ | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS | 119,609 |
| ARKQ | BLDE | BLADE AIR MOBILITY | 13,340 |
| ARKW | DKNG | DRAFTKINGS | 231,028 |
| ARKW | GENI | GENIUS SPORTS | 553,981 |
| ARKW | HOOD | ROBINHOOD MARKETS | 405,757 |
| ARKW | ZM | ZOOM VIDEO COMMUNICATIONS | 9,281 |
| ARKW | TWOU | 2U | 18,200 |
| ARKX | 2618HK | JD LOGISTICS | 699,500 |
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.
