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

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 | DKNG Price Prediction) 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%.
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Check out all of ARK Invest’s buys for Thursday:

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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