{"id":130852,"date":"2021-07-01T14:43:36","date_gmt":"2021-07-01T14:43:36","guid":{"rendered":"https:\/\/precoinnews.com\/?p=130852"},"modified":"2021-07-01T14:43:36","modified_gmt":"2021-07-01T14:43:36","slug":"cathie-woods-ark-invest-buys-over-425000-shares-of-uipath","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/cathie-woods-ark-invest-buys-over-425000-shares-of-uipath\/","title":{"rendered":"Cathie Wood’s ARK Invest Buys Over 425,000 Shares of UiPath"},"content":{"rendered":"
Some ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Wednesday. Altogether, these funds bought over 425,000 shares of UiPath Inc. (NYSE: PATH), as the price of these ETFs dropped around 1% for the day. Note that these funds are still up handily in the past year.<\/p>\n
ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) bought 89,424 shares of UiPath, and ARK Innovation ETF (NYSEARCA: ARKK) bought 152,245 shares, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 185,692 shares. At Wednesday\u2019s closing price, this would have valued these purchases at roughly $29.0 million. Even though this is a small fraction of their total holdings, every little bit counts. ARKQ and ARKK are up more than 80% in the past year, but ARKW less so.<\/p>\n
Check out all of ARK Invest\u2019s buys for Wednesday:<\/p>\n
Fund<\/th>\n | Ticker<\/th>\n | Company<\/th>\n | Shares<\/th>\n<\/tr>\n<\/thead>\n |
---|---|---|---|
ARKG<\/td>\n | QSI<\/td>\n | Quantum-Si<\/td>\n | 266,687<\/td>\n<\/tr>\n |
ARKK<\/td>\n | PATH<\/td>\n | UiPath<\/td>\n | 152,245<\/td>\n<\/tr>\n |
ARKQ<\/td>\n | PATH<\/td>\n | UiPath<\/td>\n | 89,424<\/td>\n<\/tr>\n |
ARKW<\/td>\n | BZ<\/td>\n | Kanzhun<\/td>\n | 481,408<\/td>\n<\/tr>\n |
ARKW<\/td>\n | PATH<\/td>\n | UiPath<\/td>\n | 185,692<\/td>\n<\/tr>\n |
ARKW<\/td>\n | VUZI<\/td>\n | Vuzix<\/td>\n | 303,763<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \nCatherine Wood, the CEO and CIO of ARK Investment Management, is a minority and non-voting shareholder of 24\/7 Wall St.<\/em>\n\t\t<\/p>\n |