Investing

Cathie Wood's ARK Invest Buys Over 550,000 Shares of Genius Sports

Chris Lange

Published: November 3, 2021 9:25 am

One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge purchase on Tuesday. Specifically, this fund bought over 550,000 shares of Genius Sports Ltd. (NYSE: GENI), as the price of this fund was down over 1% on the day. Note that this ETF is up a fair amount in the past year.
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ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 553,981 shares. At Tuesday’s closing price, this would have valued this purchase at roughly $10.4 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 45% in the past year.

Check out all of ARK Invest’s purchases for Tuesday as well:

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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