Cathie Wood's ARK Invest Buys Over 750,000 Shares of DraftKings

Investing

Published: September 23, 2021 8:05 am

A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Wednesday. These funds bought over 750,000 shares of DraftKings Inc. (NASDAQ: DKNG) altogether, as the price of these ETFs gained around 1% on Wednesday. Note that these funds are up handily in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) bought 599,968 shares of DraftKings and ARK Next Generation Internet ETF (NYSEARCA: ARKW) acquired 159,851 shares. At Wednesday’s closing prices, this would have valued these purchases at roughly $40.0 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. Both funds are up more than 30% in the past 52 weeks.

Check out all of ARK Invest’s buys for Wednesday:

Fund	Ticker	Name	Shares
ARKG	BEAM	BEAM THERAPEUTICS	917
ARKG	TDOC	TELADOC HEALTH	49,572
ARKG	SGFY	SIGNIFY HEALTH	663,604
ARKG	NVTA	INVITAE	147,384
ARKK	TWOU	2U	113,482
ARKK	TDOC	TELADOC HEALTH	133,063
ARKK	SGFY	SIGNIFY HEALTH	972,792
ARKK	PATH	UIPATH	534,573
ARKK	NVTA	INVITAE	135,684
ARKK	COIN	COINBASE GLOBAL	39,813
ARKK	DKNG	DRAFTKINGS	599,968
ARKQ	KTOS	KRATOS DEFENSE & SECURITY SOLUTIONS	97,293
ARKQ	DDD	3D SYSTEMS	37,046
ARKW	DKNG	DRAFTKINGS	159,851
ARKW	GENI	GENIUS SPORTS	53,600
ARKX	ACHR	ARCHER AVIATION	34,224

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of a673b.bigscoots-temp.com.

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