Investing

Cathie Wood's Ark Invest Buys Over 225,000 Shares of Zoom Video

Chris Lange

Published: November 4, 2021 9:35 am

A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge purchase on Wednesday. These funds bought over 225,000 shares of Zoom Video Communications Inc. (NASDAQ: ZM) altogether, as their share prices gained about 1% in Wednesday’s session. Note that these ETFs are up handily in the past year.
[in-text-ad]
ARK Innovation ETF (NYSEARCA: ARKK) bought 195,009 shares of Zoom Video and ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 31,368 shares. At Wednesday’s closing prices, this would have valued these purchases at roughly $64.7 million. Even though this is a small fraction of the total holdings, every little bit counts. The innovation ETF is up 36% in the past year, and the internet ETF is up 44%.

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

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.

The Average American Is Losing Momentum on Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%* today. Checking accounts are even worse.

But there is good news. To win qualified customers, some accounts are paying nearly 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

^* https://www.fdic.gov/national-rates-and-rate-caps