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Cathie Wood's ARK Invest Doubles Down on Buying This Biotech-Focused SPAC
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood bought nearly 2 million shares of Soaring Eagle Acquisition Corp. (NASDAQ: SRNG) on Thursday, as the share price of this fund traded up over 1% in the day’s session. This is doubling down on the huge purchase that Wood & Co. made on Wednesday.
Previously, ARK Genomic Revolution ETF (NYSEARCA: ARKG) bought 4,144,190 shares of the special purpose acquisition firm (SPAC), valuing the purchase at roughly $41 million.
On Thursday, ARK Innovation ETF (NYSEARCA: ARKK) bought an additional 1,926,400 shares of Soaring Eagle Acquisition. At Thursday’s closing price the transaction was valued at roughly $19.2 million. This is only a small fraction of the total holdings. ARKK is up 49% over the past 52 weeks.
Here is a quick look at all the purchases made by ARK ETFs from Thursday:
| Fund | Direction | Ticker | Company | Shares |
|---|---|---|---|---|
| ARKG | Buy | SMFR | SEMA4 HOLDINGS CORP | 73,710 |
| ARKG | Buy | CRSP | CRISPR THERAPEUTICS AG | 15,000 |
| ARKG | Buy | MASS | 908 DEVICES INC | 70,000 |
| ARKG | Buy | SURF | SURFACE ONCOLOGY INC | 38,017 |
| ARKG | Buy | RPTX | REPARE THERAPEUTICS INC | 525 |
| ARKG | Buy | SGFY | SIGNIFY HEALTH INC | 21,100 |
| ARKK | Buy | EDIT | EDITAS MEDICINE INC | 25,000 |
| ARKK | Buy | SRNG | SOARING EAGLE ACQUISITION CORP | 1,926,400 |
| ARKK | Buy | PATH | UIPATH INC | 119,500 |
| ARKK | Buy | ROKU | ROKU INC | 337,688 |
| ARKQ | Buy | AVAV | AEROVIRONMENT INC | 9,618 |
| ARKQ | Buy | MKFG | MARKFORGED HOLDING CORP | 224,000 |
| ARKQ | Buy | SPFR | JAWS SPITFIRE ACQUISITION CORP | 10,336 |
| ARKW | Buy | ROKU | ROKU INC | 99,201 |
| ARKW | Buy | GENI | GENIUS SPORTS LTD | 280,214 |
| ARKX | Buy | SPFR | JAWS SPITFIRE ACQUISITION CORP | 9,900 |
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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