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

Investing

Published: June 11, 2021 12:06 am

Last Updated: June 30, 2021 11:27 am

A few of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Thursday. Altogether, these funds bought over 1 million shares of UiPath Inc. (NYSE: PATH) on Thursday, as the price of these ETFs gained more than 1% on Thursday. Note that these funds are still up handily in the last year.

ARK Genomic Revolution ETF (NYSEARCA: ARKG) bought 242,492 shares of UiPath, ARK Innovation ETF (NYSEARCA: ARKK) bought 604,635 shares, ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) bought 87,472 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 147,038 shares. At Thursday’s closing price, this would have valued this purchase at roughly $80.1 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKG is up 92% in the past year, ARKK is up 76%, ARKQ was up about 72% and ARKW is up 74%.

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

Fund	Ticker	Company	Shares
ARKF	KSPILI	KASPI.KZ JSC	9,882
ARKG	CMIIU	CM LIFE SCIENCES II INC	9,200
ARKG	PATH	UIPATH INC	242,492
ARKK	COIN	COINBASE GLOBAL INC	60,813
ARKK	PATH	UIPATH INC	604,635
ARKQ	PATH	UIPATH INC	87,472
ARKQ	KTOS	KRATOS DEFENSE & SECURITY SOLUTIONS INC	77,623
ARKQ	IRDM	IRIDIUM COMMUNICATIONS INC	19,506
ARKW	PATH	UIPATH INC	147,038

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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