Some of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge purchase on Thursday. The funds bought over 415,000 shares altogether of Teladoc Health Inc. (NYSE: TDOC), as the prices of these ETFs bounced back on Thursday. Note that these funds are up handily in the past year.
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Here’s a look at the purchases:
- ARK Fintech Innovation ETF (NYSEARCA: ARKF) bought 40,224 shares.
- ARK Genomic Revolution ETF (NYSEARCA: ARKG) purchased 78,216 shares.
- ARK Innovation ETF (NYSEARCA: ARKK) added 234,681 shares.
- ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 62,024 shares.
At Thursday’s closing price, this would have valued these purchases at roughly $51.5 million. Even though this is a small fraction of the total holdings, every little bit counts. These funds are up more than 14% in the past 52 weeks, with the exception of the Genomic Revolution ETF, which is actually down 6%.
Check out all of the ARK Invest buys for Thursday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | KSPILI | KASPI.KZ | 11,813 |
| ARKF | TDOC | TELADOC HEALTH | 40,224 |
| ARKG | ALLO | ALLOGENE THERAPEUTICS | 214,497 |
| ARKG | BNR | BURNING ROCK BIOTECH | 46,455 |
| ARKG | TDOC | TELADOC HEALTH | 78,216 |
| ARKK | TDOC | TELADOC HEALTH | 234,681 |
| ARKK | SKLZ | SKILLZ | 257,636 |
| ARKK | NTLA | INTELLIA THERAPEUTICS | 1,415 |
| ARKK | MTLS | MATERIALISE | 26,915 |
| ARKK | BEAM | BEAM THERAPEUTICS | 9,760 |
| ARKQ | ACHR | ARCHER AVIATION | 184,473 |
| ARKQ | BLDE | BLADE AIR MOBILITY | 227,784 |
| ARKQ | VLD | VELO3D | 438,062 |
| ARKW | SKLZ | SKILLZ | 494,859 |
| ARKW | TDOC | TELADOC HEALTH | 62,024 |
| ARKX | MKFG | MARKFORGED | 70,494 |
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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