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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