Investing
Cathie Wood's ARK Invest Buys Over 4.1 Million Shares of This Biotech-Focused SPAC
Published:
One ARK Invest exchange-traded fund run by ETF star Cathie Wood bought over 4.1 million shares of Soaring Eagle Acquisition Corp. (NASDAQ: SRNG) on Wednesday, as the share price of this fund traded up less than 1% in the day’s session. The fund’s share price has greatly improved over the past year.
Specifically, ARK Genomic Revolution ETF (NYSEARCA: ARKG) bought 4,144,190 shares of the special purpose acquisition company (SPAC). At Wednesday’s closing price, this would have valued this purchase at roughly $41 million. This is only a small fraction of the total holdings. This fund is up 50% over the past 52 weeks.
Here is a quick look at all the purchases made by ARK ETFs:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKG | BEAM | Beam Therapeutics | 17,964 |
| ARKG | SGFY | Signify Health | 484,603 |
| ARKG | SMFR | Sema4 | 179,239 |
| ARKG | NVTA | Invitae | 25,000 |
| ARKG | SRNG | Soaring Eagle Acquisition | 4,144,190 |
| ARKG | MASS | 908 Devices | 2,401 |
| ARKG | FATE | Fate Therapeutics | 82,289 |
| ARKG | CRSP | CRISPR Therapeutics | 12,743 |
| ARKG | ZY | Zymergen | 2,469,102 |
| ARKG | RPTX | Repare Therapeutics | 7,962 |
| ARKK | VCYT | Veracyte | 5,000 |
| ARKK | PATH | UiPath | 324,106 |
| ARKK | FATE | FATE Therapeutics | 30,751 |
| ARKK | EDIT | Editas Medicine | 14,844 |
| ARKQ | MKFG | Markforged | 435,263 |
| ARKQ | KTOS | Kratos Defense & Security Solutions | 284,321 |
| ARKQ | AVAV | Aerovironment | 22,724 |
| ARKW | PD | PagerDuty | 30,000 |
| ARKW | LPSN | LivePerson | 251,511 |
| ARKW | VUZI | Vuzix | 25,000 |
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.Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
