{"id":131569,"date":"2021-07-08T13:32:21","date_gmt":"2021-07-08T13:32:21","guid":{"rendered":"https:\/\/precoinnews.com\/?p=131569"},"modified":"2021-07-08T13:32:21","modified_gmt":"2021-07-08T13:32:21","slug":"cathie-woods-ark-invest-buys-over-530000-shares-of-fate-therapeutics","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/cathie-woods-ark-invest-buys-over-530000-shares-of-fate-therapeutics\/","title":{"rendered":"Cathie Wood’s ARK Invest Buys Over 530,000 Shares of Fate Therapeutics"},"content":{"rendered":"
One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a sizable purchase on Wednesday. The fund bought over 530,000 shares of Fate Therapeutics Inc. (NASDAQ: FATE), as the price of this ETF was down over 2% on the day. Note that this fund is up significantly in the past year.<\/p>\n
Specifically, ARK Innovation ETF (NYSEARCA: ARKK) bought 535,305 shares of Fate Therapeutics. At Wednesday\u2019s closing price, this would have valued this purchase at roughly $46.2 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 60% in the past year.<\/p>\n
Here\u2019s a look at the other purchases across the ARK ETFs:<\/p>\n
Fund<\/th>\n | Ticker<\/th>\n | Company<\/th>\n | Shares<\/th>\n<\/tr>\n<\/thead>\n |
---|---|---|---|
ARKF<\/td>\n | PATH<\/td>\n | UiPath<\/td>\n | 279,284<\/td>\n<\/tr>\n |
ARKG<\/td>\n | SGFY<\/td>\n | Signify Health<\/td>\n | 53,916<\/td>\n<\/tr>\n |
ARKG<\/td>\n | RXRX<\/td>\n | Recursion Pharmaceuticals<\/td>\n | 204,752<\/td>\n<\/tr>\n |
ARKG<\/td>\n | RPTX<\/td>\n | Repare Therapeutics<\/td>\n | 18,190<\/td>\n<\/tr>\n |
ARKG<\/td>\n | QSI<\/td>\n | Quantum-Si<\/td>\n | 359,389<\/td>\n<\/tr>\n |
ARKG<\/td>\n | MASS<\/td>\n | 908 Devices<\/td>\n | 47,945<\/td>\n<\/tr>\n |
ARKK<\/td>\n | FATE<\/td>\n | Fate Therapeutics<\/td>\n | 535,305<\/td>\n<\/tr>\n |
ARKK<\/td>\n | COIN<\/td>\n | Coinbase Global<\/td>\n | 20,165<\/td>\n<\/tr>\n |
ARKK<\/td>\n | TSLA<\/td>\n | Tesla<\/td>\n | 110,731<\/td>\n<\/tr>\n |
ARKQ<\/td>\n | PATH<\/td>\n | UiPath<\/td>\n | 135,228<\/td>\n<\/tr>\n |
ARKW<\/td>\n | VUZI<\/td>\n | Vuzix<\/td>\n | 521,151<\/td>\n<\/tr>\n |
ARKW<\/td>\n | FTCH<\/td>\n | Farfetch<\/td>\n | 599,955<\/td>\n<\/tr>\n |
ARKX<\/td>\n | AVAV<\/td>\n | Aerovironment<\/td>\n | 23,098<\/td>\n<\/tr>\n |
ARKX<\/td>\n | PATH<\/td>\n | UiPath<\/td>\n | 25,645<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \nCatherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24\/7 Wall St.<\/em>\n\t\t<\/p>\n |