Investing
Cathie Wood's ARK Invest Buys Over 4.1 Million Shares of This Biotech-Focused SPAC
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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.
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