Cathie Wood’s ARK Invest Buys Over 415,000 Shares of Teladoc
A few of Cathie Wood's Ark Invest exchange-traded funds buy over 415,000 shares of Teladoc on November 18.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
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.
[in-text-ad]
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%.
[nativounit]
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.
[recirclink id=996611][wallst_email_signup]
Contact [email protected] for any questions or corrections.
Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
