Investing

Cathie Wood's ARK Invest Buys Over 1 Million Shares of Twitter

Chris Lange

Published: October 27, 2021 7:55 am

A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood bought over a million shares of Twitter Inc. (NYSE: TWTR) altogether on Tuesday, as the prices of these ETFs were down less than 1% in Tuesday’s session. These funds are up a fair amount in the past year.
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ARK Innovation ETF (NYSEARCA: ARKK) bought 948,826 shares of Twitter, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) added 97,718 shares. At Tuesday’s closing prices, this would have valued these purchases at roughly $64.3 million. This is only a small fraction of the total holdings. The innovation fund is up 26% in the past year and the other is up 37%.

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

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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