Cathie Wood’s ARK Invest Buys Over 700,000 Shares of DraftKings

Investing

Published: May 18, 2021 10:19 pm

A couple of the ARK exchange-traded funds run by ETF star Cathie Wood made huge purchases on Tuesday. Accordingly these funds bought over 700,000 shares of DraftKings Inc. (NASDAQ: DKNG) shares on Tuesday, as the price of these ETFs gained more than 1% on Tuesday. Note that these ETFs are still up handily in the last year.

ARK Innovation ETF (NYSEARCA: ARKK) bought 679,736 shares of DraftKings, while ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 28,314 shares. At Tuesday’s closing price this would have valued this purchase at roughly $31.3 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 78% in the last year, and ARKW is up 81%.

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

Fund	Direction	Ticker	Company	Shares
ARKF	Buy	STNE	STONECO LTD	174,419
ARKF	Buy	KSPILI	KASPI.KZ JSC	1,603
ARKF	Buy	SQ	SQUARE INC	18,714
ARKG	Buy	SGFY	SIGNIFY HEALTH INC	27,803
ARKG	Buy	RXRX	RECURSION PHARMACEUTICALS INC	10,440
ARKG	Buy	ONEM	1LIFE HEALTHCARE INC	28,461
ARKG	Buy	MASS	908 DEVICES INC	25,427
ARKG	Buy	CDXS	CODEXIS INC	3,210
ARKK	Buy	TSLA	TESLA INC	43,370
ARKK	Buy	PACB	PACIFIC BIOSCIENCES OF CALIFORNIA INC	2,124
ARKK	Buy	DKNG	DRAFTKINGS INC	679,736
ARKK	Buy	CRSP	CRISPR THERAPEUTICS AG	2,131
ARKK	Buy	COIN	COINBASE GLOBAL INC	118,214
ARKK	Buy	BEAM	BEAM THERAPEUTICS INC	200
ARKQ	Buy	ACIC	ATLAS CREST INVESTMENT CORP	352,406
ARKQ	Buy	TSLA	TESLA INC	3,661
ARKQ	Buy	NIU	NIU TECHNOLOGIES	300
ARKQ	Buy	PATH	UIPATH INC	3,526
ARKW	Buy	TWLO	TWILIO INC	19,584
ARKW	Buy	COIN	COINBASE GLOBAL INC	42,248
ARKW	Buy	DKNG	DRAFTKINGS INC	28,314
ARKX	Buy	BLDE	BLADE AIR MOBILITY INC	181,896

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

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