One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge purchase on Tuesday. This fund bought over 340,000 shares of Signify Health Inc. (NYSE: SGFY), as the price of this ETF dropped around 0.6% on Tuesday. Note that this ETF is still up handily in the past year.
It was ARK Genomic Revolution ETF (NYSEARCA: ARKG) that bought 340,872 shares of Signify Health. At Tuesday’s closing price, this would have valued this purchase at $8.5 million. Even though this is a small fraction of the total holdings, every little bit counts. the fund is up 73% in the last year.
Check out all of ARK Invest’s buys for Tuesday:
|ARKG||VEEV||VEEVA SYSTEMS INC||46,386|
|ARKG||SGFY||SIGNIFY HEALTH INC||340,872|
|ARKG||RPTX||REPARE THERAPEUTICS INC||7,676|
|ARKG||MASS||908 DEVICES INC||229|
|ARKG||CMLF||CM LIFE SCIENCES INC||4,000|
|ARKG||CMIIU||CM LIFE SCIENCES II INC||1,800|
|ARKK||EXAS||EXACT SCIENCES CORP||69,430|
|ARKQ||SPFR||JAWS SPITFIRE ACQUISITION CORP||100,000|
|ARKQ||ISRG||INTUITIVE SURGICAL INC||10,422|
|ARKQ||KTOS||KRATOS DEFENSE & SECURITY SOLUTIONS INC||570|
|ARKX||RTP||REINVENT TECHNOLOGY PARTNERS||2,400|
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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