Cathie Wood’s ARK Invest Buys Another 450,000 Shares of DraftKings

One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Thursday. These funds bought over 450,000 shares of DraftKings Inc. (NASDAQ: DKNG), as the price of these ETFs lost nearly 1% on Thursday. Note that this fund is still up handily in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) bought 486,875 shares of DraftKings. At Thursday’s closing prices, this would have valued these purchases at roughly $21.9 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 50% in the past year.

Check out all of ARK Invest’s buys for Thursday:

ARKGSGFYSignify Health19,156
ARKGVERVVerve Therapeutics141,100
ARKGRPTXRepare Therapeutics400
ARKGIONSIonis Pharmaceuticals14,067
ARKKPACBPacific Biosciences of California516,093
ARKKUUnity Software208,194
ARKKFATEFate Therapeutics82,301
ARKKZMZoom Video Communications16,187
ARKQBLDEBlade Air Mobility189,651
ARKWZMZoom Video Communications16,620
ARKWKVSBKhosla Ventures Acquisition II351,458
ARKX2618HKJD Logistics234,600

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.

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