A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a sizable purchase on Friday. The funds bought over 200,000 shares of Roku Inc. (NASDAQ: ROKU) altogether, as the price of these ETFs 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 161,576 shares of Roku and ARK Next Generation Internet ETF (NYSEARCA: ARKW) picked up 43,449 shares. At Friday’s closing price, this would have valued these purchases at roughly $48.0 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. The innovation fund is up 11% in the past year, and the other is up closer to 22%.
Check out all of ARK Invest’s buys for Friday:
|ARKG||BNR||BURNING ROCK BIOTECH||563,000|
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.