Investing

Cathie Wood's ARK Invest Buys Over 460,000 Shares of Snap

Chris Lange

Published: October 26, 2021 7:50 am

A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood bought over 460,000 shares of Snap Inc. (NYSE: SNAP) altogether on Monday, as the share price of these funds traded up over 2% in the day’s session. Their share prices have greatly improved over the past year.
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ARK Fintech Innovation ETF (NYSEARCA: ARKF) bought 160,819 shares of Snap, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 301,671 shares. At Monday’s closing price, this would have valued these purchases at roughly $25.2 million. This is only a small fraction of the total holdings. The innovation fund is up about 26% over the past 52 weeks and next-gen is up closer to 35%.

Here is a quick look at all the purchases that took place across the ARK ETFs:

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.
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