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:
|ARKQ||BLDE||BLADE AIR MOBILITY||6,568|
|ARKQ||KTOS||KRATOS DEFENSE & SECURITY SOLUTIONS||341,040|
|ARKW||ZM||ZOOM VIDEO COMMUNICATIONS||19,926|
|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.