Investing

Cathie Wood's Ark Invest Buys Over 225,000 Shares of Zoom Video

AndreyPopov / iStock via Getty Images

A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge purchase on Wednesday. These funds bought over 225,000 shares of Zoom Video Communications Inc. (NASDAQ: ZM) altogether, as their share prices gained about 1% in Wednesday’s session. Note that these ETFs are up handily in the past year.
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ARK Innovation ETF (NYSEARCA: ARKK) bought 195,009 shares of Zoom Video and ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 31,368 shares. At Wednesday’s closing prices, this would have valued these purchases at roughly $64.7 million. Even though this is a small fraction of the total holdings, every little bit counts. The innovation ETF is up 36% in the past year, and the internet ETF is up 44%.

Check out all of ARK Invest’s buys for Wednesday:

Fund Ticker Name Shares
ARKF TWLO TWILIO 44,149
ARKG ADPT ADAPTIVE BIOTECHNOLOGIES 31,397
ARKG ALLO ALLOGENE THERAPEUTICS 71,729
ARKG EXAS EXACT SCIENCES 136,157
ARKG PACB PACIFIC BIOSCIENCES OF CALIFORNIA 54,000
ARKK TDOC TELADOC HEALTH 4,660
ARKK ZM ZOOM VIDEO COMMUNICATIONS 195,009
ARKK PATH UIPATH 176,694
ARKK NTLA INTELLIA THERAPEUTICS 17,745
ARKK HOOD ROBINHOOD MARKETS 722,344
ARKK EXAS EXACT SCIENCES 507,479
ARKK DKNG DRAFTKINGS 193,482
ARKK BEAM BEAM THERAPEUTICS 24,803
ARKK TWLO TWILIO 145,742
ARKQ BLDE BLADE AIR MOBILITY 2,376
ARKQ KTOS KRATOS DEFENSE & SECURITY SOLUTIONS 9,008
ARKQ NIU NIU TECHNOLOGIES 10,200
ARKW TWLO TWILIO 37,135
ARKW LPSN LIVEPERSON 290,045
ARKW GENI GENIUS SPORTS 42,500
ARKW ZM ZOOM VIDEO COMMUNICATIONS 31,368

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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