Cathie Wood’s ARK Invest Buys Nearly 320,000 Shares of This SPAC

A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood bought nearly 320,000 shares of Jaws Spitfire Acquisition Corp. (NYSE: SPFR) all together on Friday, as the price of these funds were down around 1% in the day’s session. However, one of them is up a fair amount in the past year.

ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) added 198,528 shares of Jaws Spitfire, and ARK Space Exploration & Innovation (NYSEARCA: ARKX) bought 119,954 shares. At Friday’s closing price, this would have valued these purchases at roughly $3.2 million. This is only a small fraction of the total holdings. The robotics ETF is up about 47% over the past 52 weeks, and the other is up 2% since it came public.

Check out all the ARK Invest buys for Friday:

FundTickerNameShares
ARKFDSYSJDISCOVERY275,478
ARKGRPTXREPARE THERAPEUTICS78,046
ARKGPSNLPERSONALIS90,800
ARKGNVTAINVITAE53,869
ARKGADPTADAPTIVE BIOTECHNOLOGIES21,332
ARKKCRSPCRISPR THERAPEUTICS17,000
ARKKVCYTVERACYTE INC45,484
ARKQSPFRJAWS SPITFIRE ACQUISITION198,528
ARKQMKFGMARKFORGED174,225
ARKQKMTUYKOMATSU44,100
ARKXSPFRJAWS SPITFIRE ACQUISITION119,954

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