Cathie Wood's ARK Invest Buys Another 450,000 Shares of DraftKings

Investing

Published: July 23, 2021 9:15 am

One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Thursday. These funds bought over 450,000 shares of DraftKings Inc. (NASDAQ: DKNG), as the price of these ETFs lost nearly 1% on Thursday. Note that this fund is still up handily in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) bought 486,875 shares of DraftKings. At Thursday’s closing prices, this would have valued these purchases at roughly $21.9 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 50% in the past year.

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

Fund	Ticker	Company	Shares
ARKG	SGFY	Signify Health	19,156
ARKG	ACCD	Accolade	38,663
ARKG	VERV	Verve Therapeutics	141,100
ARKG	RPTX	Repare Therapeutics	400
ARKG	IONS	Ionis Pharmaceuticals	14,067
ARKG	QSI	Quantum-Si	804,500
ARKK	PATH	UiPath	197,393
ARKK	PACB	Pacific Biosciences of California	516,093
ARKK	U	Unity Software	208,194
ARKK	FATE	Fate Therapeutics	82,301
ARKK	ZM	Zoom Video Communications	16,187
ARKK	DKNG	DraftKings	453,086
ARKQ	BLDE	Blade Air Mobility	189,651
ARKW	ZM	Zoom Video Communications	16,620
ARKW	KVSB	Khosla Ventures Acquisition II	351,458
ARKX	2618HK	JD Logistics	234,600
ARKX	AVAV	Aerovironment	372

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

24/7 Wall St.
6 Red-Hot Summer Stocks to Buy Before and After Earnings

Get Ready To Retire ^(Sponsored)

Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future