Ark Invest, led by Cathie Wood, made some significant trades on Thursday. The most notable was the purchase of over 1.4 million shares in the semiconductor…
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Cathie Wood Can t Get Enough Of Uipath, Buys Another $17M Shares
UiPath Inc (NYSE:PATH).
Shares of the New York-based software automation company closed 0.16% higher at $68.49 on Friday.
The investment firm bought the shares of UiPath via the
Ark Innovation ETF(NYSE:ARKK).
Ark owns PATH shares via all of its six active ETFs. On a consolidated basis, the Wood-led firm held over 12.5 million shares, worth around $855 million, in UiPath ahead of Friday’s trade.
The products of the Bucharest, Romania-based software company are used by organizations to help efficiently automate their various business processes. PATH closed 5.34% higher on Wednesday, giving the company a market valuation of $35.8 billion.
Cathie Wood Loads Up $71M In Tesla On Dip
Tesla Inc (NASDAQ:TSLA) on the dip.
Tesla shares closed 2.26% lower at $644.65 on Wednesday and have advanced about 7.6% since Ark last bought the company s shares in early June.
The New York-based investment deployed the
Ark Innovation ETF (NYSE:ARKK) to buy the shares and also hold Tesla stock via two other traded funds, namely, the
Ark Autonomous Technology & Robotics ETF (BATS:ARKQ) and the
Ark Next Generation Internet ETF (NYSE:ARKW).
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All three ETFs – ARKK, ARKQ and ARKW- count Tesla among their largest holdings and together held about 4.93 million shares, worth $3.25 billion, in the electric vehicle company ahead of Wednesday’s trade.