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) 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.
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%.
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.