Cathie Wood’s Ark Invest Buys Over 95,000 Shares of Zoom Video

One of the ARK exchange-traded funds run by ETF star Cathie Wood made a huge purchase on Thursday. Accordingly, this fund bought over 95,000 shares of Zoom Video Communications Inc. (NASDAQ: ZM) shares, as the price of this ETF dropped about 3.5% in Thursday’s session. Note that this ETF is up handily in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) bought 96,123 shares of Zoom Video. At Thursday’s closing price, this would have valued this purchase at roughly $30.7 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 66% in the past year.

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

FundDirectionTickerCompanyShares
ARKFBuyGOOGALPHABET INC4,496
ARKFBuyKSPILIKASPI.KZ JSC4,866
ARKGBuySGFYSIGNIFY HEALTH INC32,322
ARKGBuyRPTXREPARE THERAPEUTICS INC13,463
ARKGBuyMASS908 DEVICES INC200
ARKGBuyDRNADICERNA PHARMACEUTICALS INC3,406
ARKKBuyZMZOOM VIDEO COMMUNICATIONS INC96,123
ARKKBuyPACBPACIFIC BIOSCIENCES OF CALIFORNIA INC40,000
ARKKBuyCRSPCRISPR THERAPEUTICS AG8,000
ARKQBuyKTOSKRATOS DEFENSE & SECURITY SOLUTIONS INC44,867
ARKQBuyNIUNIU TECHNOLOGIES78,702
ARKXBuyRTPREINVENT TECHNOLOGY PARTNERS54,800

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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