Photo Courtesy of Uipath.
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Cathie Wood-led Ark Investment Management on Wednesday got millions of shares of the New York-based software application automation business UiPath Inc (NYSE: PATH) on the day that it made its trading debut.
The financial investment firm released all its 6 active ETFs to purchase the 2.74 million shares approximated to be worth $188.98 million since UiPaths Wednesday close of $69..
Trades were made by the Ark Innovation ETF (NYSE: ARKK), Autonomous Technology & & Robotics (BATS: ARKQ), Next Generation Internet ETF (NYSE: ARKW), Fintech Innovation ETF (NYSE: ARKF), Genomic Revolution ETF (BATS: ARKG) and the Space Exploration & & Innovation ETF (BATS: ARKX).
ARKF purchased 238,407 shares, ARKG bought 540,806 shares, ARKK purchased 1,348,999 shares, ARKQ purchased 187,267 shares, ARKW bought 384,976 shares, and ARKX purchased 38,475 shares; all representing about 0.38% of the particular ETFs.
The products of the Bucharest, Romania-based software application company are used by companies to help efficiently automate their different service procedures. PATH closed 5.34% greater on Wednesday, giving the company a market valuation of $35.8 billion.
See Also: Cathie Wood Loads Up On DraftKings, Coinbase, Palantir, Sells Nvidia, Square.
Woods firm, which counts Tesla as its biggest holding and had actually just recently upgraded the stocks target rate to $3,000, sold 163,981 shares estimated to be worth $122 million based on the electrical automobile makers Wednesday close of $744.12..
ARKK offered Tesla shares representing 0.497% of the ETF. Tesla continues to be Arks top holdings.
See Also: Cathie Wood Trims Tesla Stake And Loads Up Heavily On Coinbase.
The brand-new York-based financial investment company likewise offered 307,575 shares of Square Inc (NYSE: SQ), estimated to be worth about $75.4 million. Square is amongst Arks leading three holdings.
ARKK offered 170,764 shares representing 0.175% of the ETF and ARKW offered 136,811 shares representing 0.49% of the ETF.
The investment firm likewise offered 83,881 shares of the software business Xilinx Inc (NASDAQ: XLNX) slated to be gotten by chipmaker Advanced Micro Devices Inc (NASDAQ: AMD). ARKQ and ARKX purchased shares estimated to be worth about $10.6 million since the stocks Wednesday closing rate of $126.95..
It likewise got more shares of the workout bike maker Peloton Interactive Inc (NASDAQ: PTON) purchasing 152,289 shares by means of ARKW and approximated to be worth about $15.2 million since the stocks Wednesday close.
Peloton shares closed 6.17% lower at $99.93 on Wednesday.
The investment company bought a total of 58,881 shares of the online streaming site Netflix Inc (NASDAQ: NFLX) via ARK and ARKX ETFs. Netflix stock closed 7.40% lower at $508.90 on Wednesday. It has a 52-week high of $593.29 and low of $393.60.
The investment firm offered 119,279 shares of the online payment business, representing about 0.46% of the ARKW ETF.
See Also: How Netflix Is Preparing To Combat The Lighter Content Slate That Affected Q1 Growth.
PayPal shares closed 0.17% greater at $264.89 on Wednesday. It has a 52-week high of $309.14 and low of $107.41.
Other Ark Buys On Wednesday:.
The investment company purchased a total of 58,881 shares of the online streaming site Netflix Inc (NASDAQ: NFLX) by means of ARK and ARKX ETFs. Netflix stock closed 7.40% lower at $508.90 on Wednesday. It has a 52-week high of $593.29 and low of $393.60.
© 2021 Benzinga.com. Benzinga does not supply investment advice.
Intuit (NASDAQ: INTU).
Nvidia (NASDAQ: NVDA).
LendingTree (NASDAQ: TREE).
Workday (NASDAQ: WDAY).
Thermo FIsher Scientific (NYSE: TMO).
Syros Pharmaceuticals (NASDAQ: SYRS).
Novartis (NYSE: NVS).
Roche (OTC: RHHBY).
Regeneron Pharmaceuticals (NASDAQ: REGN).
Phreesia (NYSE: PHR).
Twitter (NYSE: TWTR).
Tesla (NASDAQ: TSLA).
Roku (NASDAQ: ROKU).
PACCAR (NASDAQ: PCAR).
Pure Storage (NYSE: PSTG).
HubSpot (NYSE: HUBS).
DocuSign (NASDAQ: DOCU).
Intercontinental Exchange (NYSE: ICE).
Other Ark Sells On Wednesday:.
Recursion Pharmaceuticals (NASDAQ: RXRX).
Ionis Pharmaceuticals (NASDAQ: IONS).
908 Devices (NASDAQ: MASS).
Skillz (NYSE: SKLZ).
Iridium Communications (NASDAQ: IRDM).
DraftKings (NASDAQ: DKNG).
Coinbase Global (NASDAQ: COIN).
Berkeley Lights (NASDAQ: BLI).
Beam Therapeutics (NASDAQ: BEAM).
Jaws Spitfire Acquisition (NYSE: SPFR).
Niu Technologies (NASDAQ: NIU).
3D Systems (NYSE: DDD).
Tencent (OTC: TCEHY).
Pinduoduo (NASDAQ: PDD).
Reinvent Technology Partners (NYSE: RTP).