Cathie Wood’s ARK Invest Buys Over $83 Million Worth of Roku Shares
A couple of Cathie Wood's ARK Invest funds bought over $83 million worth of Roku shares on November 4.
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A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a sizable purchase on Thursday. The fund bought nearly 290,000 shares of Roku Inc. (NASDAQ: ROKU | ROKU Price Prediction) altogether, as the price of these ETFs gained lost less than 1% on the day. Note that these funds are up significantly in the past year.
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Specifically, ARK Innovation ETF (NYSEARCA: ARKK) bought 216,219 shares of Roku and ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 71,357 shares. At Thursday’s closing price, this would have valued this purchase at roughly $83.2 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. The innovation fund is up 30% in the past year, and the other is up closer to 37%.
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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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Contact [email protected] for any questions or corrections.
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.
