Cathie Wood’s ARK Invest Buys Over a Million Shares of DraftKings
A few of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Tuesday. These funds bought over a million shares of DraftKings Inc. (NASDAQ: DKNG) altogether, as the price of these ETFs gained more than 1% on Tuesday. Note that these funds are up handily in the past year.
ARK Fintech Innovation ETF (NYSEARCA: ARKF) purchased 127,608 shares of DraftKings, while ARK Innovation ETF (NYSEARCA: ARKK) bought 742,840 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) 202,723 shares. At Tuesday’s closing prices, this would have valued these purchases at roughly $60.6 million altogether. Even though this is a small fraction of the total holdings, every little bit counts.
Check out all of ARK Invest’s buys for Tuesday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | PDD | PINDUODUO | 10,231.00 |
| ARKF | Z | ZILLOW | 21,094.00 |
| ARKF | TDOC | TELADOC HEALTH | 12,603.00 |
| ARKF | DKNG | DRAFTKINGS | 127,608.00 |
| ARKF | COIN | COINBASE GLOBAL | 6,308.00 |
| ARKG | PFE | PFIZER | 258,390.00 |
| ARKG | PSNL | PERSONALIS | 4,500.00 |
| ARKG | QSI | QUANTUM-SI | 90,017.00 |
| ARKG | RPTX | REPARE THERAPEUTICS | 229.00 |
| ARKG | MASS | 908 DEVICES | 650.00 |
| ARKG | FATE | FATE THERAPEUTICS | 171,840.00 |
| ARKG | DYNS | DYNAMICS SPECIAL PURPOSE | 106.00 |
| ARKG | CMIIU | CM LIFE SCIENCES II | 1,200.00 |
| ARKG | ADPT | ADAPTIVE BIOTECHNOLOGIES | 35,080.00 |
| ARKK | SRNG | SOARING EAGLE ACQUISITION | 1,197,532.00 |
| ARKK | SGFY | SIGNIFY HEALTH | 205,551.00 |
| ARKK | NVTA | INVITAE | 49,322.00 |
| ARKK | FATE | FATE THERAPEUTICS | 357,508.00 |
| ARKK | DKNG | DRAFTKINGS | 742,840.00 |
| ARKQ | SPFR | JAWS SPITFIRE ACQUISITION | 10,000.00 |
| ARKQ | MKFG | MARKFORGED | 326,798.00 |
| ARKQ | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS | 145,772.00 |
| ARKQ | KMTUY | KOMATSU | 6,500.00 |
| ARKQ | DDD | 3D SYSTEMS | 67,394.00 |
| ARKW | DKNG | DRAFTKINGS | 202,723.00 |
| ARKW | GENI | GENIUS SPORTS | 224,800.00 |
| ARKW | LPSN | LIVEPERSON | 24,745.00 |
| ARKX | 2618HK | JD LOGISTICS | 949,290.00 |
| ARKX | ACIC | ATLAS CREST INVESTMENT | 30,464.00 |
| ARKX | PRNT | 3D PRINTING ETF | 11,184.00 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
Source: Read Full Article