{"id":116568,"date":"2021-06-16T14:35:14","date_gmt":"2021-06-16T14:35:14","guid":{"rendered":"https:\/\/fin2me.com\/?p=116568"},"modified":"2021-06-16T14:35:14","modified_gmt":"2021-06-16T14:35:14","slug":"cathie-woods-ark-invest-buys-over-850000-shares-of-draftkings","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/cathie-woods-ark-invest-buys-over-850000-shares-of-draftkings\/","title":{"rendered":"Cathie Wood’s ARK Invest Buys Over 850,000 Shares of DraftKings"},"content":{"rendered":"

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.<\/p>\n

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\u2019s 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%.<\/p>\n

Check out all of ARK Invest\u2019s buys for Tuesday:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Fund<\/th>\nTicker<\/th>\nCompany<\/th>\nShares<\/th>\n<\/tr>\n<\/thead>\n
ARKF<\/td>\nJD<\/td>\nJD.COM\u00a0INC<\/td>\n54,700<\/td>\n<\/tr>\n
ARKF<\/td>\nKSPILI<\/td>\nKASPI.KZ\u00a0JSC<\/td>\n4,393<\/td>\n<\/tr>\n
ARKG<\/td>\nVRTX<\/td>\nVERTEX PHARMACEUTICALS INC<\/td>\n68,784<\/td>\n<\/tr>\n
ARKG<\/td>\nSEER<\/td>\nSEER INC<\/td>\n15,080<\/td>\n<\/tr>\n
ARKG<\/td>\nRPTX<\/td>\nREPARE THERAPEUTICS INC<\/td>\n88,603<\/td>\n<\/tr>\n
ARKG<\/td>\nCMIIU<\/td>\nCM LIFE SCIENCES II INC<\/td>\n46,182<\/td>\n<\/tr>\n
ARKK<\/td>\nDKNG<\/td>\nDRAFTKINGS INC<\/td>\n688,702<\/td>\n<\/tr>\n
ARKK<\/td>\nPATH<\/td>\nUIPATH INC<\/td>\n323,586<\/td>\n<\/tr>\n
ARKQ<\/td>\nIRDM<\/td>\nIRIDIUM COMMUNICATIONS INC<\/td>\n50,000<\/td>\n<\/tr>\n
ARKQ<\/td>\nKTOS<\/td>\nKRATOS DEFENSE & SECURITY SOLUTIONS INC<\/td>\n62,458<\/td>\n<\/tr>\n
ARKQ<\/td>\nPATH<\/td>\nUIPATH INC<\/td>\n61,610<\/td>\n<\/tr>\n
ARKW<\/td>\nDKNG<\/td>\nDRAFTKINGS INC<\/td>\n181,597<\/td>\n<\/tr>\n
ARKX<\/td>\nBLDE<\/td>\nBLADE AIR MOBILITY INC<\/td>\n142,411<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\nCatherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24\/7 Wall St.<\/p>\n

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Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A couple of the ARK exchange-traded funds run by ETF star Cathie Wood made huge purchases on Tuesday. 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