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Investing

Cathie Wood’s ARK Invest Buys Over 325,000 More Shares of DraftKings

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By Chris Lange Published
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Cathie Wood’s ARK Invest Buys Over 325,000 More Shares of DraftKings

© Fayethequeen / iStock via Getty Images

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 | DKNG Price Prediction) 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

[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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Photo of Chris Lange
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.

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