A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a sizable purchase on Friday. The fund bought over 125,000 shares of Roku Inc. (NASDAQ: ROKU) altogether, as the price of these ETFs were relatively flat on the day. Note that these funds are up significantly in the past year.
Specifically, ARK Innovation ETF (NYSEARCA: ARKK) bought 103,098 shares of Roku and ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX) bought 25,766 shares. At Friday’s closing prices, this would have valued these purchases at roughly $44.1 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. Both ETFs are up more than 35% in the past year.
Here is a look at the other purchases across the ARK ETFs:
|ARKQ||BLDE||BLADE AIR MOBILITY||80,348|
|ARKQ||SPFR||JAWS SPITFIRE ACQUISITION||12,216|
|ARKX||BLDE||BLADE AIR MOBILITY||174,733|
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.
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