Cathie Wood’s ARK Invest Buys Over 750,000 Shares of DraftKings
A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Wednesday. These funds bought over 750,000 shares of DraftKings Inc. (NASDAQ: DKNG) altogether, as the price of these ETFs gained around 1% on Wednesday. Note that these funds are up handily in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 599,968 shares of DraftKings and ARK Next Generation Internet ETF (NYSEARCA: ARKW) acquired 159,851 shares. At Wednesday’s closing prices, this would have valued these purchases at roughly $40.0 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. Both funds are up more than 30% in the past 52 weeks.
Check out all of ARK Invest’s buys for Wednesday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | BEAM | BEAM THERAPEUTICS | 917 |
| ARKG | TDOC | TELADOC HEALTH | 49,572 |
| ARKG | SGFY | SIGNIFY HEALTH | 663,604 |
| ARKG | NVTA | INVITAE | 147,384 |
| ARKK | TWOU | 2U | 113,482 |
| ARKK | TDOC | TELADOC HEALTH | 133,063 |
| ARKK | SGFY | SIGNIFY HEALTH | 972,792 |
| ARKK | PATH | UIPATH | 534,573 |
| ARKK | NVTA | INVITAE | 135,684 |
| ARKK | COIN | COINBASE GLOBAL | 39,813 |
| ARKK | DKNG | DRAFTKINGS | 599,968 |
| ARKQ | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS | 97,293 |
| ARKQ | DDD | 3D SYSTEMS | 37,046 |
| ARKW | DKNG | DRAFTKINGS | 159,851 |
| ARKW | GENI | GENIUS SPORTS | 53,600 |
| ARKX | ACHR | ARCHER AVIATION | 34,224 |
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.
ALSO READ: Oil Is Back Over $70 and 4 Stocks That Pay Massive Dividends Are Cheap
Get Our Free Investment Newsletter
Source: Read Full Article