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 | ZM Price Prediction) 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 |
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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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