Cathie Wood’s ARK Invest Buys Over 300,000 Shares of UiPath
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.
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.
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