Cathie Wood's ARK Invest Buys Over 400,000 More Shares of DraftKings

Investing

Published: November 5, 2021 7:55 am

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 Thursday. These funds added over 400,000 shares of DraftKings Inc. (NASDAQ: DKNG) altogether, as the price of these ETFs were mixed on Thursday. Note that these funds are up handily in the past year.
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ARK Fintech Innovation ETF (NYSEARCA: ARKF) bought 150,884 more shares of DraftKings and ARK Next Generation Internet ETF (NYSEARCA: ARKW) acquired 252,547 shares. At Thursday’s closing price, this would have valued these purchases at roughly $18.0 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. The innovation fund is up closer to 24% in the past year, while the other is up 37%.

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

Fund	Ticker	Name	Shares
ARKF	DKNG	DRAFTKINGS	150,884
ARKF	FB	FACEBOOK	102,461
ARKG	ADPT	ADAPTIVE BIOTECHNOLOGIES	986
ARKK	SKLZ	SKILLZ	1,084,817
ARKK	ROKU	ROKU	216,219
ARKK	PATH	UIPATH	626,502
ARKK	NTLA	INTELLIA THERAPEUTICS	30,260
ARKK	HOOD	ROBINHOOD MARKETS	380,479
ARKK	EXAS	EXACT SCIENCES	81,080
ARKK	TDOC	TELADOC HEALTH	242,352
ARKQ	BLDE	BLADE AIR MOBILITY	6,568
ARKQ	KTOS	KRATOS DEFENSE & SECURITY SOLUTIONS	341,040
ARKQ	NIU	NIU TECHNOLOGIES	24,300
ARKW	ZM	ZOOM VIDEO COMMUNICATIONS	19,926
ARKW	TWLO	TWILIO	5,236
ARKW	ROKU	ROKU	71,357
ARKW	GENI	GENIUS SPORTS	68,608
ARKW	DKNG	DRAFTKINGS	252,547
ARKX	KTOS	KRATOS DEFENSE & SECURITY SOLUTIONS	125,669

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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