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), 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.
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.
Check out all the ARK Invest purchases for Thursday:
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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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