Cathie Wood’s ARK Invest Buys Over 550,000 Shares of 3D Systems
One of Cathie Wood's Ark Invest funds bought over 550,000 shares of 3D Systems on March 23.
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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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.
