One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge purchase on Tuesday. Specifically, this fund bought over 550,000 shares of Genius Sports Ltd. (NYSE: GENI), as the price of this fund was down over 1% on the day. Note that this ETF is up a fair amount in the past year.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 553,981 shares. At Tuesday’s closing price, this would have valued this purchase at roughly $10.4 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 45% in the past year.
Check out all of ARK Invest’s purchases for Tuesday as well:
|ARKK||PACB||PACIFIC BIOSCIENCES OF CALIFORNIA||125,658|
|ARKQ||KTOS||KRATOS DEFENSE & SECURITY SOLUTIONS||119,609|
|ARKQ||BLDE||BLADE AIR MOBILITY||13,340|
|ARKW||ZM||ZOOM VIDEO COMMUNICATIONS||9,281|
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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