Cathie Wood\u2019s ARK Invest Buys Over 1 Million Shares of UiPath
A few of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Thursday. Altogether, these funds bought over a million shares of UiPath Inc. (NYSE: PATH), as the price of these ETFs gained less than 1% on the day. Note that these funds are still up handily in the past year.
ARK Genomic Revolution ETF (NYSEARCA: ARKG) bought 225,066 shares of the robotics software firm, ARK Innovation ETF (NYSEARCA: ARKK) bought 600,917 shares, ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) bought 74,786 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 151,252 shares. At Thursday’s closing prices, this would have valued these purchases at roughly $57.2 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. Each of these funds is up around 47% in the past 52 weeks.
Check out all the ARK Invest purchases for Thursday:
|ARKQ||SPFR||JAWS SPITFIRE ACQUISITION||274,459|
|ARKW||KVSB||KHOSLA VENTURES ACQUISITION II||50,300|
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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