Investing
Cathie Wood's ARK Invest Buys Over 400,000 More Shares of DraftKings
November 5, 2021 7:55 am
In the wake of a big buy on Tuesday, a couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made additional huge purchases on Thursday. These funds added over 400,000 shares of DraftKings Inc. (NASDAQ: DKNG) altogether, as the price of these ETFs were mixed on Thursday. Note that these funds are up handily in the past year.
ARK Fintech Innovation ETF (NYSEARCA: ARKF) bought 150,884 more shares of DraftKings and ARK Next Generation Internet ETF (NYSEARCA: ARKW) acquired 252,547 shares. At Thursday’s closing price, this would have valued these purchases at roughly $18.0 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. The innovation fund is up closer to 24% in the past year, while the other is up 37%.
Check out all of ARK Invest’s buys for Thursday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | DKNG | DRAFTKINGS | 150,884 |
| ARKF | FB | 102,461 | |
| ARKG | ADPT | ADAPTIVE BIOTECHNOLOGIES | 986 |
| ARKK | SKLZ | SKILLZ | 1,084,817 |
| ARKK | ROKU | ROKU | 216,219 |
| ARKK | PATH | UIPATH | 626,502 |
| ARKK | NTLA | INTELLIA THERAPEUTICS | 30,260 |
| ARKK | HOOD | ROBINHOOD MARKETS | 380,479 |
| ARKK | EXAS | EXACT SCIENCES | 81,080 |
| ARKK | TDOC | TELADOC HEALTH | 242,352 |
| ARKQ | BLDE | BLADE AIR MOBILITY | 6,568 |
| ARKQ | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS | 341,040 |
| ARKQ | NIU | NIU TECHNOLOGIES | 24,300 |
| ARKW | ZM | ZOOM VIDEO COMMUNICATIONS | 19,926 |
| ARKW | TWLO | TWILIO | 5,236 |
| ARKW | ROKU | ROKU | 71,357 |
| ARKW | GENI | GENIUS SPORTS | 68,608 |
| ARKW | DKNG | DRAFTKINGS | 252,547 |
| ARKX | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS | 125,669 |
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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