Cathie Wood’s ARK Invest Buys Over 325,000 More Shares of DraftKings

In the wake of a big buy on Tuesday, a couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made additional huge purchases on Wednesday. These funds bought over 325,000 shares of DraftKings Inc. (NASDAQ: DKNG) altogether, as the price of these ETFs lost around 2% on Wednesday. Note that these funds are up handily in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) bought 184,805 more shares of DraftKings and ARK Next Generation Internet ETF (NYSEARCA: ARKW) acquired 158,095 shares. At Wednesday’s closing prices, this would have valued these purchases at roughly $16.6 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. Both funds are up more than 40% in the past 52 weeks.

Check out all of ARK Invest’s buys for Wednesday:

FundTickerNameShares
ARKGBEAMBEAM THERAPEUTICS56,108
ARKGSURFSURFACE ONCOLOGY252,503
ARKGCRSPCRISPR THERAPEUTICS22,000
ARKGDYNSDYNAMICS SPECIAL PURPOSE4,800
ARKGPACBPACIFIC BIOSCIENCES OF CALIFORNIA170,327
ARKGPSNLPERSONALIS45,300
ARKGQSIQUANTUM-SI438,626
ARKKTWOU2U40,606
ARKKPDPAGERDUTY34,144
ARKKPATHUIPATH240,508
ARKKNVTAINVITAE47,824
ARKKVCYTVERACYTE29,512
ARKKZZILLOW197,856
ARKKEXASEXACT SCIENCES172,222
ARKKDNAGINKGO BIOWORKS431,413
ARKKDKNGDRAFTKINGS184,805
ARKKCRSPCRISPR THERAPEUTICS60,000
ARKKSGFYSIGNIFY HEALTH687,469
ARKQACHRARCHER AVIATION180,477
ARKQAVAVAEROVIRONMENT2,634
ARKQKTOSKRATOS DEFENSE & SECURITY SOLUTIONS210,537
ARKWCNDCONCORD ACQUISITION53,252
ARKWDKNGDRAFTKINGS158,095
ARKWPDPAGERDUTY83,600
ARKWROKUROKU25,566
ARKWZZILLOW85,352
ARKXPRNT3D PRINTING ETF11,155

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: 4 Red-Hot Energy MLPs Offer Huge Dividends and Solid Upside Potential


Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use

Source: Read Full Article