Investing
Cathie Wood’s ARK Invest Buys Over 1 Million Shares of UiPath
Published:
Last Updated:
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.
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.