Cathie Wood’s ARK Invest Buys Over 300,000 Shares of UiPath
One of Cathie Wood's Ark Invest exchange-traded funds bought over 300,000 shares of UiPath on December 10.
One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge purchase on Friday. This fund bought over 300,000 shares of robotics software company UiPath Inc. (NYSE: PATH | PATH Price Prediction), as the price of this ETF dropped more than 1% on Friday. Note that this fund is down handily over the past year.
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ARK Innovation ETF (NYSEARCA: ARKK) bought 308,263 shares of UiPath. At Friday’s closing price, this would have valued this purchase at roughly $13.6 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is down 22% in the past year.
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Check out all of ARK Invest’s trades for Friday:
| Fund | Direction | Ticker | Name | Shares |
|---|---|---|---|---|
| ARKG | Buy | MASS | 908 DEVICES | 17,400 |
| ARKG | Buy | NVTA | INVITAE | 96,903 |
| ARKG | Buy | QSI | QUANTUM-SI | 82,963 |
| ARKG | Sell | REGN | REGENERON PHARMACEUTICALS | 9,477 |
| ARKK | Buy | SSYS | STRATASYS | 80,627 |
| ARKK | Buy | PD | PAGERDUTY | 122,940 |
| ARKK | Buy | PATH | UIPATH | 308,263 |
| ARKK | Buy | NTLA | INTELLIA THERAPEUTICS | 20,569 |
| ARKK | Buy | MTLS | MATERIALISE | 18,000 |
| ARKK | Sell | TSLA | TESLA | 25,377 |
| ARKQ | Buy | AVAV | AEROVIRONMENT | 19,200 |
| ARKQ | Buy | BLDE | BLADE AIR MOBILITY | 27,621 |
| ARKQ | Sell | TSLA | TESLA | 2,968 |
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 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.
