Cathie Wood's ARK Invest Buys Over 240,000 Shares of Fate Therapeutics

Investing

Published: August 4, 2021 8:05 am

A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a sizable purchase on Tuesday. The fund bought over 240,000 shares of Fate Therapeutics Inc. (NASDAQ: FATE) altogether, as the price of these ETFs were somewhat mixed on the day. Note that these funds are up significantly in the past year.

Specifically, ARK Genomic Revolution ETF (NYSEARCA: ARKG) bought 55,163 shares of Fate Therapeutics, and ARK Innovation ETF (NYSEARCA: ARKK) bought 186,114 shares. At Tuesday’s closing price, this would have valued this purchase at roughly $20.1 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. ARKG is up 50% in the past year and ARKK is up closer to 46%.

Here is a look at the other purchases across the ARK ETFs:

Fund	Ticker	Company	Shares
ARKF	ETSY	Etsy	90,831
ARKF	HOOD	Robinhood Markets	89,622
ARKG	SRNG	Soaring Eagle Acquisition	214,751
ARKG	SMFR	Sema4	96,000
ARKG	SGFY	Signify Health	31,587
ARKG	RPTX	Repare Therapeutics	11,809
ARKG	MASS	908 Devices	46,488
ARKG	BEAM	Beam Therapeutics	3,074
ARKG	EDIT	Editas Medicine	35,000
ARKG	FATE	Fate Therapeutics	55,163
ARKK	VCYT	Veracyte	16,379
ARKK	PACB	Pacific Biosciences of California	190,000
ARKK	FATE	Fate Therapeutics	186,114
ARKK	BEAM	Beam Therapeutics	37,694
ARKQ	MKFG	Markforged	397,767
ARKQ	AVAV	Aerovironment	22,232
ARKW	CND	Conchord Acquisition	3,000
ARKW	KVSB	Khosla Ventures Acquisition II	10,000
ARKW	VUZI	Vuzix	90,000

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.
4 Big Pharma Dividend Stocks to Buy as Yields Near 2021 Lows

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.