Investing
Cathie Wood's ARK Invest Buys Over 325,000 More Shares of DraftKings
Published:
In the wake of a big buy on Tuesday, a couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made additional huge purchases on Wednesday. These funds bought over 325,000 shares of DraftKings Inc. (NASDAQ: DKNG) altogether, as the price of these ETFs lost around 2% on Wednesday. Note that these funds are up handily in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 184,805 more shares of DraftKings and ARK Next Generation Internet ETF (NYSEARCA: ARKW) acquired 158,095 shares. At Wednesday’s closing prices, this would have valued these purchases at roughly $16.6 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. Both funds are up more than 40% in the past 52 weeks.
Check out all of ARK Invest’s buys for Wednesday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | BEAM | BEAM THERAPEUTICS | 56,108 |
| ARKG | SURF | SURFACE ONCOLOGY | 252,503 |
| ARKG | CRSP | CRISPR THERAPEUTICS | 22,000 |
| ARKG | DYNS | DYNAMICS SPECIAL PURPOSE | 4,800 |
| ARKG | PACB | PACIFIC BIOSCIENCES OF CALIFORNIA | 170,327 |
| ARKG | PSNL | PERSONALIS | 45,300 |
| ARKG | QSI | QUANTUM-SI | 438,626 |
| ARKK | TWOU | 2U | 40,606 |
| ARKK | PD | PAGERDUTY | 34,144 |
| ARKK | PATH | UIPATH | 240,508 |
| ARKK | NVTA | INVITAE | 47,824 |
| ARKK | VCYT | VERACYTE | 29,512 |
| ARKK | Z | ZILLOW | 197,856 |
| ARKK | EXAS | EXACT SCIENCES | 172,222 |
| ARKK | DNA | GINKGO BIOWORKS | 431,413 |
| ARKK | DKNG | DRAFTKINGS | 184,805 |
| ARKK | CRSP | CRISPR THERAPEUTICS | 60,000 |
| ARKK | SGFY | SIGNIFY HEALTH | 687,469 |
| ARKQ | ACHR | ARCHER AVIATION | 180,477 |
| ARKQ | AVAV | AEROVIRONMENT | 2,634 |
| ARKQ | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS | 210,537 |
| ARKW | CND | CONCORD ACQUISITION | 53,252 |
| ARKW | DKNG | DRAFTKINGS | 158,095 |
| ARKW | PD | PAGERDUTY | 83,600 |
| ARKW | ROKU | ROKU | 25,566 |
| ARKW | Z | ZILLOW | 85,352 |
| ARKX | PRNT | 3D PRINTING ETF | 11,155 |
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.
24/7 Wall St.Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
