Cathie Wood's Ark Invest Buys Over 55,000 Shares of Zoom Video

Investing

Published: May 28, 2021 10:05 am

One of the ARK exchange-traded funds run by ETF star Cathie Wood made a huge purchase on Thursday. Accordingly, this fund bought over 55,000 shares of Zoom Video Communications Inc. (NASDAQ: ZM) shares, as the price of this ETF gained about 1% in Thursday’s session. Note that this ETF is up handily in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) bought 58,345 shares of Zoom Video. At Thursday’s closing price, this would have valued this purchase at roughly $19.0 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 85% in the past year.

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

Fund	Ticker	Company	Shares
ARKF	4689JP	Z HOLDINGS CORP	733,800
ARKF	KSPILI	KASPI.KZ JSC	15,092
ARKG	RPTX	REPARE THERAPEUTICS INC	4,658
ARKG	MASS	908 DEVICES INC	68,601
ARKG	CMLF	CM LIFE SCIENCES INC	19,400
ARKG	CMIIU	CM LIFE SCIENCES II INC	15,840
ARKG	CDXS	CODEXIS INC	8,252
ARKK	ZM	ZOOM VIDEO COMMUNICATIONS INC	58,345
ARKK	SHOP	SHOPIFY INC	12,841
ARKK	EXAS	EXACT SCIENCES CORP	15,315
ARKQ	ACIC	ATLAS CREST INVESTMENT CORP	42,298
ARKQ	AONE	ONE	15,000
ARKQ	SPFR	JAWS SPITFIRE ACQUISITION CORP	21,518
ARKQ	IRDM	IRIDIUM COMMUNICATIONS INC	14,743
ARKW	OKTA	OKTA INC	123,385
ARKW	VUZI	VUZIX CORP	194,264

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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