Cathie Wood’s ARK Invest Buys Over 1 Million Shares of Iovance Bio

By Chris Lange Published May 21, 10:05AM EDT

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Cathie Wood’s ARK Invest Buys Over 1 Million Shares of Iovance Bio — © SARINYAPINNGAM / iStock via Getty Images

A couple of the ARK exchange-traded funds run by ETF star Cathie Wood made huge purchases on Thursday. These funds bought over 1 million shares of Iovance Biotherapeutics Inc. (NASDAQ: IOVA) shares on Thursday, as the price of these ETFs rose around 3% on Thursday. Note that these ETFs are still up handily in the last year.

ARK Genomic Revolution ETF (NYSEARCA: ARKG) bought 201,664 shares, while ARK Innovation ETF (NYSEARCA: ARKK | ARKK Price Prediction) bought 808,642 shares of Iovance. At Thursday’s closing price this would have valued this purchase at $18.9 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKG is up 65%, and ARKK is up 75% in the last year.

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

Fund	Ticker	Company	Shares
ARKF	COIN	COINBASE GLOBAL INC	38,220
ARKF	KSPILI	KASPI.KZ JSC	4,436
ARKG	RXRX	RECURSION PHARMACEUTICALS INC	14,440
ARKG	ONEM	1LIFE HEALTHCARE INC	144,563
ARKG	SGFY	SIGNIFY HEALTH INC	139,900
ARKG	IOVA	IOVANCE BIOTHERAPEUTICS INC	201,664
ARKG	CSTL	CASTLE BIOSCIENCES INC	11,536
ARKG	CMIIU	CM LIFE SCIENCES II INC	305
ARKG	CDXS	CODEXIS INC	1,929
ARKG	MASS	908 DEVICES INC	13,080
ARKG	RPTX	REPARE THERAPEUTICS INC	41,780
ARKK	PACB	PACIFIC BIOSCIENCES OF CALIFORNIA INC	7,496
ARKK	IOVA	IOVANCE BIOTHERAPEUTICS INC	808,642
ARKK	EXAS	EXACT SCIENCES CORP	125,929
ARKK	COIN	COINBASE GLOBAL INC	216,518
ARKK	BEAM	BEAM THERAPEUTICS INC	30,000
ARKQ	ACIC	ATLAS CREST INVESTMENT CORP	421,940
ARKQ	PATH	UIPATH INC	6,131
ARKQ	NIU	NIU TECHNOLOGIES	125,271
ARKX	BLDE	BLADE AIR MOBILITY INC	105,037

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Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of a673b.bigscoots-temp.com.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.