One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge purchase on Friday. This fund bought over 300,000 shares of robotics software company UiPath Inc. (NYSE: PATH), as the price of this ETF dropped more than 1% on Friday. Note that this fund is down handily over the past year.
[in-text-ad]
ARK Innovation ETF (NYSEARCA: ARKK) bought 308,263 shares of UiPath. At Friday’s closing price, this would have valued this purchase at roughly $13.6 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is down 22% in the past year.
Check out all of ARK Invest’s trades for Friday:
| Fund | Direction | Ticker | Name | Shares |
|---|---|---|---|---|
| ARKG | Buy | MASS | 908 DEVICES | 17,400 |
| ARKG | Buy | NVTA | INVITAE | 96,903 |
| ARKG | Buy | QSI | QUANTUM-SI | 82,963 |
| ARKG | Sell | REGN | REGENERON PHARMACEUTICALS | 9,477 |
| ARKK | Buy | SSYS | STRATASYS | 80,627 |
| ARKK | Buy | PD | PAGERDUTY | 122,940 |
| ARKK | Buy | PATH | UIPATH | 308,263 |
| ARKK | Buy | NTLA | INTELLIA THERAPEUTICS | 20,569 |
| ARKK | Buy | MTLS | MATERIALISE | 18,000 |
| ARKK | Sell | TSLA | TESLA | 25,377 |
| ARKQ | Buy | AVAV | AEROVIRONMENT | 19,200 |
| ARKQ | Buy | BLDE | BLADE AIR MOBILITY | 27,621 |
| ARKQ | Sell | TSLA | TESLA | 2,968 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
24/7 Wall St.Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
