Cathie Wood’s ARK Invest Buys Nearly 1 Million Shares of UiPath
A few of Cathie Wood's Ark Invest exchange-traded funds bought nearly a million shares of robotics software maker UiPath on December 9.
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A few of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Thursday. Altogether, these funds bought nearly a million shares of UiPath Inc. (NYSE: PATH | PATH Price Prediction), as the price of these ETFs lost more than 4% on the day. Note that these funds are mostly down over the past year, with one big exception.
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ARK Genomic Revolution ETF (NYSEARCA: ARKG) bought 245,247 shares of the robotics software firm, ARK Innovation ETF (NYSEARCA: ARKK) purchased 430,278 shares, ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) picked up 100,124 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) added 194,241 shares. At Thursday’s closing price, this would have valued these purchases at roughly $45.6 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. While the robotics fund is up around 12% in the past year, the others are down between 7% and 32% in the same time.
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Check out all the ARK Invest purchases for Thursday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | PATH | UIPATH | 245,247 |
| ARKG | NTLA | INTELLIA THERAPEUTICS | 8,315 |
| ARKG | SLGC | SOMALOGIC | 33,736 |
| ARKG | QSI | QUANTUM-SI | 39,948 |
| ARKG | NVTA | INVITAE | 3,000 |
| ARKK | PATH | UIPATH | 430,278 |
| ARKK | SSYS | STRATASYS | 164,886 |
| ARKK | NTLA | INTELLIA THERAPEUTICS | 27,900 |
| ARKK | DNA | GINKGO BIOWORKS | 223,347 |
| ARKK | VCYT | VERACYTE | 49,861 |
| ARKK | NVTA | INVITAE | 100,000 |
| ARKK | MTLS | MATERIALISE | 27,783 |
| ARKK | TRMB | TRIMBLE | 4,455 |
| ARKQ | PATH | UIPATH | 100,124 |
| ARKQ | AVAV | AEROVIRONMENT | 58,300 |
| ARKQ | VUZI | VUZIX | 43,948 |
| ARKQ | BLDE | BLADE AIR MOBILITY | 5,637 |
| ARKW | PATH | UIPATH | 194,241 |
| ARKW | VUZI | VUZIX | 77,016 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
