Cathie Wood’s ARK Invest Buys Nearly 1.5 Million Shares of Ginkgo Bioworks
A couple of Cathie Wood's ARK Invest exchange-traded funds bought nearly 1.5 million shares of Ginkgo Bioworks on December 1.
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A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge buy on Wednesday. Specifically, these funds bought roughly $17 million worth of Ginkgo Bioworks Holdings Inc. (NYSE: DNA), as the prices of these funds were down sharply on Wednesday.
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ARK Genomic Revolution ETF (NYSEARCA: ARKG) bought 485,075 shares, while ARK Innovation ETF (NYSEARCA: ARKK) bought 995,250 shares. At Wednesday’s closing price, this would have valued the sales at roughly $16.9 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. The Genomic Revolution ETF is down more than 26% and the other is down 11% in the past year.
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Check out all the ARK Invest purchases for Wednesday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | SE | SEA | 25,964 |
| ARKF | TWLO | TWILIO | 25,714 |
| ARKF | TOST | TOAST | 151,274 |
| ARKF | DSYSJ | DISCOVERY | 26,840 |
| ARKG | ONEM | 1LIFE HEALTHCARE | 450,594 |
| ARKG | DNA | GINKGO BIOWORKS | 485,075 |
| ARKG | VCYT | VERACYTE | 70,279 |
| ARKG | SDGR | SCHRODINGER | 78,197 |
| ARKG | SURF | SURFACE ONCOLOGY | 250,000 |
| ARKG | MASS | 908 DEVICES | 52,228 |
| ARKG | SLGC | SOMALOGIC | 39,998 |
| ARKK | ZM | ZOOM VIDEO COMMUNICATIONS | 132,250 |
| ARKK | TRMB | TRIMBLE | 251,411 |
| ARKK | TWLO | TWILIO | 66,987 |
| ARKK | DNA | GINKGO BIOWORKS | 995,250 |
| ARKK | MTLS | MATERIALISE | 45,325 |
| ARKK | SGFY | SIGNIFY HEALTH | 64,300 |
| ARKK | NTLA | INTELLIA THERAPEUTICS | 100 |
| ARKQ | BLDE | BLADE AIR MOBILITY | 315,689 |
| ARKQ | ACHR | ARCHER AVIATION | 150,906 |
| ARKQ | MKFG | MARKFORGED | 123,400 |
| ARKW | ZM | ZOOM VIDEO COMMUNICATIONS | 33,372 |
| ARKX | VLD | VELO3D | 35,426 |
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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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.
