A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood bought over 800,000 shares of Twitter Inc. (NYSE: TWTR) altogether on Thursday, as the prices of these ETFs were up around 1% in Thursday’s session. These funds are up a fair amount in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 661,141 shares of Twitter and ARK Next Generation Internet ETF (NYSEARCA: ARKW) added 168,766 shares. At Thursday’s closing prices, this would have valued these purchases at roughly $55.3 million. This is only a small fraction of the total holdings. The innovation fund is up 38% in the past year and the other is up 46%.
Check out all of ARK Invest’s buys for Thursday:
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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.
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