Cathie Wood's ARK Invest Buys Over 425,000 Shares of UiPath

Investing

Published: July 1, 2021 9:45 am

Some ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Wednesday. Altogether, these funds bought over 425,000 shares of UiPath Inc. (NYSE: PATH), as the price of these ETFs dropped around 1% for the day. Note that these funds are still up handily in the past year.

ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) bought 89,424 shares of UiPath, and ARK Innovation ETF (NYSEARCA: ARKK) bought 152,245 shares, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 185,692 shares. At Wednesday’s closing price, this would have valued these purchases at roughly $29.0 million. Even though this is a small fraction of their total holdings, every little bit counts. ARKQ and ARKK are up more than 80% in the past year, but ARKW less so.

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

Fund	Ticker	Company	Shares
ARKG	QSI	Quantum-Si	266,687
ARKK	PATH	UiPath	152,245
ARKQ	PATH	UiPath	89,424
ARKW	BZ	Kanzhun	481,408
ARKW	PATH	UiPath	185,692
ARKW	VUZI	Vuzix	303,763

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and non-voting shareholder of 24/7 Wall St.

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