Cathie Wood’s ARK Invest Buys Over 850,000 Shares of DraftKings
A couple of the ARK exchange-traded funds run by ETF star Cathie Wood made huge purchases on Tuesday. These funds bought over 850,000 shares of DraftKings Inc. (NASDAQ: DKNG), as the price of these ETFs lost more than 2% on Tuesday. Note that these funds are still up handily in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 688,702 shares of DraftKings, while ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 181,597 shares. At Tuesday’s closing prices, this would have valued these purchases at roughly $42.2 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 81% in the past year and ARKW is up 79%.
Check out all of ARK Invest’s buys for Tuesday:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | JD | JD.COM INC | 54,700 |
| ARKF | KSPILI | KASPI.KZ JSC | 4,393 |
| ARKG | VRTX | VERTEX PHARMACEUTICALS INC | 68,784 |
| ARKG | SEER | SEER INC | 15,080 |
| ARKG | RPTX | REPARE THERAPEUTICS INC | 88,603 |
| ARKG | CMIIU | CM LIFE SCIENCES II INC | 46,182 |
| ARKK | DKNG | DRAFTKINGS INC | 688,702 |
| ARKK | PATH | UIPATH INC | 323,586 |
| ARKQ | IRDM | IRIDIUM COMMUNICATIONS INC | 50,000 |
| ARKQ | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS INC | 62,458 |
| ARKQ | PATH | UIPATH INC | 61,610 |
| ARKW | DKNG | DRAFTKINGS INC | 181,597 |
| ARKX | BLDE | BLADE AIR MOBILITY INC | 142,411 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
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