A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a sizable purchase on Thursday. The fund bought over 240,000 shares of Roku Inc. (NASDAQ: ROKU) altogether, as the price of these ETFs gained over 1% on the day. Note that these funds are up significantly in the past year.
Specifically, ARK Innovation ETF (NYSEARCA: ARKK) bought 337,688 shares of Fate Therapeutics and ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 99,201 shares. At Thursday’s closing price, this would have valued this purchase at roughly $176.3 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 49% in the past year and ARKW is up closer to 48%.
Here is a look at the other purchases across the ARK ETFs:
|ARKK||SRNG||Soaring Eagle Acquisition||1,926,400|
|ARKQ||SPFR||Jaws Spitfire Acquisition||10,336|
|ARKX||SPFR||Jaws Spitfire Acquisition||9,900|
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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