A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Wednesday. These funds bought over 600,000 shares of DraftKings Inc. (NASDAQ: DKNG), as the price of these ETFs gained more than 1% on Wednesday. Note that these funds are still up handily in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 486,875 shares of DraftKings, while ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 117,163 shares. At Wednesday’s closing prices, this would have valued these purchases at roughly $29.5 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 51% in the past year and ARKW is up 51%.
Check out all of ARK Invest’s buys for Wednesday:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKG | SGFY | Signify Health | 9,907 |
| ARKG | ACCD | Accolade | 38,837 |
| ARKG | RPTX | Repare Therapeutics | 8,000 |
| ARKG | IONS | Ionis Pharmaceuticals | 65,060 |
| ARKG | PACB | Pacific Biosciences of California | 265,614 |
| ARKG | QSI | Quantum-Si | 16,756 |
| ARKK | U | Unity Software | 67,479 |
| ARKK | PATH | UiPath | 438,669 |
| ARKK | PACB | Pacific Biosciences of California | 101,948 |
| ARKK | ZM | Zoom Video Communications | 116,860 |
| ARKK | FATE | Fate Therapeutics | 38,816 |
| ARKK | DKNG | DraftKings | 486,875 |
| ARKK | COIN | Coinbase Global | 76,562 |
| ARKQ | PATH | UiPath | 138,170 |
| ARKQ | MGA | Magna International | 43,188 |
| ARKQ | BLDE | Blade Air Mobility | 20,247 |
| ARKW | ZM | Zoom Video Communications | 16,398 |
| ARKW | DKNG | DraftKings | 117,163 |
| ARKW | KVSB | Khosla Ventures Acquisition II | 12,878 |
| ARKX | 2618HK | JD Logistics | 1,659,200 |
| ARKX | AVAV | Aerovironment | 544 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
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