Cathie Wood's ARK Invest Doubles Down on Buying This Biotech-Focused SPAC

Investing

Published: August 5, 2021 11:16 pm

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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