{"id":134911,"date":"2021-08-09T15:10:16","date_gmt":"2021-08-09T15:10:16","guid":{"rendered":"https:\/\/precoinnews.com\/?p=134911"},"modified":"2021-08-09T15:10:16","modified_gmt":"2021-08-09T15:10:16","slug":"cathie-woods-ark-invest-buys-nearly-500000-shares-of-tusimple","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/cathie-woods-ark-invest-buys-nearly-500000-shares-of-tusimple\/","title":{"rendered":"Cathie Wood’s ARK Invest Buys Nearly 500,000 Shares of TuSimple"},"content":{"rendered":"
A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood bought nearly 500,000 shares of autonomous vehicle maker TuSimple Holdings Inc. (NASDAQ: TSP) on Friday, as the share price of these funds traded down less than 1% in the day\u2019s session. The fund\u2019s share price has improved greatly over the past year.<\/p>\n
Specifically, ARK Innovation ETF (NYSEARCA: ARKK) bought 321,657 shares of TuSimple and ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) bought 160,163 shares. At Friday\u2019s closing price, this would have valued this purchase at roughly $16.3 million. This is only a small fraction of the total holdings. The former fund is up 47% over the past 52 weeks and the latter is 51% higher.<\/p>\n
Here is a quick look at all the purchases made by ARK ETFs:<\/p>\n
Fund<\/th>\n | Ticker<\/th>\n | Company<\/th>\n | Shares<\/th>\n<\/tr>\n<\/thead>\n |
---|---|---|---|
ARKG<\/td>\n | SGFY<\/td>\n | Signify Health<\/td>\n | 269,965<\/td>\n<\/tr>\n |
ARKG<\/td>\n | SMFR<\/td>\n | Sema4<\/td>\n | 122,482<\/td>\n<\/tr>\n |
ARKK<\/td>\n | TSP<\/td>\n | TuSimple<\/td>\n | 321,657<\/td>\n<\/tr>\n |
ARKK<\/td>\n | SRNG<\/td>\n | Soaring Eagle Acquisition<\/td>\n | 1,309,155<\/td>\n<\/tr>\n |
ARKK<\/td>\n | ROKU<\/td>\n | Roku<\/td>\n | 48,880<\/td>\n<\/tr>\n |
ARKK<\/td>\n | PATH<\/td>\n | UiPath<\/td>\n | 98,425<\/td>\n<\/tr>\n |
ARKQ<\/td>\n | TSP<\/td>\n | TuSimple<\/td>\n | 160,163<\/td>\n<\/tr>\n |
ARKQ<\/td>\n | SPFR<\/td>\n | Jaws Spitfire Acquisition<\/td>\n | 11,500<\/td>\n<\/tr>\n |
ARKQ<\/td>\n | MKFG<\/td>\n | Markforged<\/td>\n | 93,145<\/td>\n<\/tr>\n |
ARKQ<\/td>\n | AVAV<\/td>\n | Aerovironment<\/td>\n | 10,640<\/td>\n<\/tr>\n |
ARKW<\/td>\n | GENI<\/td>\n | Genius Sports<\/td>\n | 69,930<\/td>\n<\/tr>\n |
ARKW<\/td>\n | PATH<\/td>\n | UiPath<\/td>\n | 130,691<\/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><\/p>\n \t\t\t<\/p>\n \t\t\t\tALSO READ: Goldman Sachs Says These 3 Top Energy Stocks Deliver Unique and Rising Dividends \t\t\t\t |