Cathie Wood\u2019s ARK Invest Buys Over 1 Million Shares of UiPath

A few of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Thursday. Altogether, these funds bought over a million shares of UiPath Inc. (NYSE: PATH), as the price of these ETFs gained less than 1% on the day. Note that these funds are still up handily in the past year.

ARK Genomic Revolution ETF (NYSEARCA: ARKG) bought 225,066 shares of the robotics software firm, ARK Innovation ETF (NYSEARCA: ARKK) bought 600,917 shares, ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) bought 74,786 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 151,252 shares. At Thursday’s closing prices, this would have valued these purchases at roughly $57.2 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. Each of these funds is up around 47% in the past 52 weeks.

Check out all the ARK Invest purchases for Thursday:

FundTickerNameShares
ARKFDSYSJDISCOVERY217,443
ARKGNVTAINVITAE213,856
ARKGRPTXREPARE THERAPEUTICS8,300
ARKGPSNLPERSONALIS20,948
ARKGPATHUIPATH225,066
ARKGADPTADAPTIVE BIOTECHNOLOGIES301
ARKKCRSPCRISPR THERAPEUTICS36,990
ARKKVCYTVERACYTE18,339
ARKKPATHUIPATH600,917
ARKKPDPAGERDUTY60,000
ARKQSPFRJAWS SPITFIRE ACQUISITION274,459
ARKQPATHUIPATH74,786
ARKQMKFGMARKFORGED406,402
ARKQKMTUYKOMATSU46,792
ARKQAVAVAEROVIRONMENT54,488
ARKWSPLKSPLUNK10,154
ARKWROKUROKU59,529
ARKWPDPAGERDUTY16,000
ARKWPATHUIPATH151,252
ARKWKVSBKHOSLA VENTURES ACQUISITION II50,300
ARKXAVAVAEROVIRONMENT14,463
ARKXHEIHEICO2,749

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.

Source: Read Full Article