One ARK Invest exchange-traded fund run by ETF star Cathie Wood bought over 2 million shares of 3D Systems Corp. (NYSE: DDD) shares on Thursday, as the prices of this fund gained nearly 1% in Thursday’s session. The ETF is up significantly in the past year.
It was ARK Innovation ETF (NYSEARCA: ARKK) that bought 2,028,407 shares of 3D Systems. At Thursday’s closing price, this would have valued this purchase at roughly $51.1 million. This is only a small fraction of the total holdings. The fund is up 21% over the past 52 weeks.
Check out all the ARK Invest buys for Thursday:
|ARKK||ZM||ZOOM VIDEO COMMUNICATIONS||169,559|
|ARKW||ZM||ZOOM VIDEO COMMUNICATIONS||43,309|
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.