Cathie Wood’s ARK Invest Buys Over 390,000 Shares of DraftKings

By Chris Lange Published Sep 29, 8:45AM EDT

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Cathie Wood’s ARK Invest Buys Over 390,000 Shares of DraftKings — © Thinkstock

One of the ARK exchange-traded funds run by ETF star Cathie Wood made a huge purchase on Tuesday. It added more than 390,000 shares of DraftKings Inc. (NASDAQ: DKNG | DKNG Price Prediction), as the price of this ETF lost around 4% on Tuesday. Note that this ETF is still up significantly in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) bought 393,050 shares of DraftKings. At Tuesday’s closing price, this would have valued this purchase at roughly $19.6 million. Even though this is a small fraction of the total holdings, every little bit counts. The ETF is up 24% in the past year.

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

Fund	Ticker	Name	Shares
ARKG	BEAM	BEAM THERAPEUTICS	27,345
ARKG	VCYT	VERACYTE	17,900
ARKG	SURF	SURFACE ONCOLOGY	29,144
ARKG	SGFY	SIGNIFY HEALTH	402,747
ARKG	QSI	QUANTUM-SI	398,229
ARKG	PACB	PACIFIC BIOSCIENCES OF CALIFORNIA	80,479
ARKG	NVTA	INVITAE	17,180
ARKG	MASS	908 DEVICES	8,500
ARKG	CRSP	CRISPR THERAPEUTICS	10,500
ARKK	PD	PAGERDUTY	266,548
ARKK	ROKU	ROKU	95,295
ARKK	SGFY	SIGNIFY HEALTH	390,775
ARKK	SQ	SQUARE	164,151
ARKK	TWOU	2U	236,100
ARKK	VCYT	VERACYTE	20,221
ARKK	Z	ZILLOW GROUP	258,827
ARKK	PATH	UIPATH	337,091
ARKK	DKNG	DRAFTKINGS	393,050
ARKK	ZM	ZOOM VIDEO COMMUNICATIONS	112,471
ARKK	HOOD	ROBINHOOD MARKETS	197,942
ARKK	EXAS	EXACT SCIENCES	159,436
ARKK	DNA	GINKGO BIOWORKS HOLDINGS	327,400
ARKK	COIN	COINBASE GLOBAL	184,199
ARKK	CRSP	CRISPR THERAPEUTICS	30,000
ARKQ	TRMB	TRIMBLE	93,085
ARKQ	PATH	UIPATH	519,643
ARKQ	KTOS	KRATOS DEFENSE & SECURITY SOLUTIONS	71,744
ARKQ	DDD	3D SYSTEMS	178,457
ARKQ	AVAV	AEROVIRONMENT	36,738
ARKQ	ACHR	ARCHER AVIATION	81,980
ARKW	ZM	ZOOM VIDEO COMMUNICATIONS	29,548
ARKW	VCYT	VERACYTE	12,500
ARKW	SQ	SQUARE	41,556
ARKW	LPSN	LIVEPERSON	72,878
ARKX	AVAV	AEROVIRONMENT	5,412
ARKX	PRNT	3D PRINTING ETF	17,685

[nativounit]
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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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.