Cathie Wood’s ARK Invest Buys Over 325,000 Shares of Blade Air Mobility
One ARK Invest exchange-traded fund run by ETF star Cathie Wood bought over 325,000 shares of Blade Air Mobility Inc. (NASDAQ: BLDE) on Friday. The share price of this ETF was up less than 1% in Friday’s session, and the fund is up a fair amount in the past year.
ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) bought 329,425 shares of Blade Air Mobility. At Friday’s closing price, this would have valued this purchase at roughly $3.3 million. This is only a small fraction of the total holdings. The ETF is up roughly 42% in the past year.
Check out all of ARK Invest’s buys for Friday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | ALLO | ALLOGENE THERAPEUTICS | 42,150 |
| ARKG | QSI | QUANTUM-SI | 13,600 |
| ARKG | VERV | VERVE THERAPEUTICS | 39,831 |
| ARKK | VCYT | VERACYTE | 40,203 |
| ARKK | SGFY | SIGNIFY HEALTH | 230,000 |
| ARKK | MTLS | MATERIALISE | 13,101 |
| ARKQ | BLDE | BLADE AIR MOBILITY | 329,425 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.
ALSO READ: 5 Buy-Rated Dividend Gold Stocks May Be the Perfect Protection Against Inflation
Get Our Free Investment Newsletter
Source: Read Full Article