Cathie Wood’s ARK Invest Buys Over 550,000 Shares of 3D Systems

By Chris Lange Published Mar 23, 8:57PM EDT

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Cathie Wood’s ARK Invest Buys Over 550,000 Shares of 3D Systems — © kynny / Getty Images

One ARK exchange-traded fund run by ETF star Cathie Wood bought over 550,000 shares of 3D Systems Corp. (NYSE: DDD) shares on Tuesday, as the prices of this ETF lost nearly 3% in Tuesday’s session. The ETF is up well over 100% in the last year.

ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) bought 558,900 shares of 3D Systems. At Tuesday’s closing price this would have valued this purchase at roughly $14.65 million. This is only a small fraction of the total holdings. ARKQ is up 188% over the past 52 weeks.

24/7 Wall St. recently reported on 3D Systems:

3D Systems Corp. (NYSE: DDD) was raised from Sell to Hold with a $31 price target at Loop Capital. The consensus target is $20.50. The stock closed Tuesday’s trading session at $31.17, after pulling back almost 20% in the wake of missing earnings estimates but higher year-over-year revenues.

Catherine Wood, the CEO and CIO of ARK Investment Management LLC is a minority and non-voting shareholder of 24/7 Wall St., LLC, owner of 247wallst.com.

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About the Author Chris Lange →

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.