Cathie Wood’s ARK Invest Buys Nearly 1.2 Million Shares of DraftKings
One of Cathie Wood's Ark Invest exchange-traded funds bought nearly 1.2 million shares of DraftKings on January 4.
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One of the ARK exchange-traded funds run by ETF star Cathie Wood made a huge purchase on Tuesday. It added more than 1.2 million shares of DraftKings Inc. (NASDAQ: DKNG | DKNG Price Prediction), as the price of this ETF lost around 4% on the day. Note that this ETF is down significantly over the past year.
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ARK Innovation ETF (NYSEARCA: ARKK) bought 1,185,460 shares of DraftKings. At Tuesday’s closing price, this would have valued this purchase at roughly $31.6 million. Even though this is a small fraction of the total holdings, every little bit counts. The ETF is down 27% in the past year.
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Check out all of ARK Invest’s buys for Tuesday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | HOOD | ROBINHOOD MARKETS | 462,613 |
| ARKF | TOST | TOAST | 32,000 |
| ARKF | TDOC | TELADOC HEALTH | 29,000 |
| ARKF | SE | SEA | 26,706 |
| ARKG | VCYT | VERACYTE | 69,015 |
| ARKG | SURF | SURFACE ONCOLOGY | 61,005 |
| ARKG | SGFY | SIGNIFY HEALTH | 51,500 |
| ARKG | RXRX | RECURSION PHARMACEUTICALS | 81,063 |
| ARKG | PSNL | PERSONALIS | 29,469 |
| ARKG | ONEM | 1LIFE HEALTHCARE | 176,830 |
| ARKG | NVTA | INVITAE | 80,000 |
| ARKG | BNR | BURNING ROCK BIOTECH | 62,542 |
| ARKG | CGEN | COMPUGEN | 23,216 |
| ARKG | MASS | 908 DEVICES | 102,840 |
| ARKG | NTLA | INTELLIA THERAPEUTICS | 22,910 |
| ARKK | TWOU | 2U | 43,000 |
| ARKK | SQ | SQUARE | 304,356 |
| ARKK | RBLX | ROBLOX | 332,950 |
| ARKK | NVTA | INVITAE | 32,000 |
| ARKK | NTLA | INTELLIA THERAPEUTICS | 72,829 |
| ARKK | SSYS | STRATASYS | 53,000 |
| ARKK | DKNG | DRAFTKINGS | 1,185,460 |
| ARKK | BLI | BERKELEY LIGHTS | 4,800 |
| ARKQ | MTLS | MATERIALISE | 12,718 |
| ARKQ | PATH | UIPATH | 72,283 |
| ARKQ | PLTR | PALANTIR TECHNOLOGIES | 189,611 |
| ARKQ | VUZI | VUZIX | 123,974 |
| ARKQ | VLD | VELO3D | 156,690 |
| ARKW | KIND | NEXTDOOR | 438,781 |
| ARKW | NET | CLOUDFLARE | 5,531 |
| ARKW | SE | SEA | 93,630 |
| ARKW | VCYT | VERACYTE | 43,772 |
| ARKX | AVAV | AEROVIRONMENT | 6,882 |
| ARKX | MKFG | MARKFORGED | 78,532 |
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 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.
