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

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By Chris Lange Updated Published
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Cathie Wood’s ARK Invest Buys Over 1 Million Shares of UiPath

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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 | ARKK Price Prediction) 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

[nativounit]
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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Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

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