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ARK Updates | Cathie Wood piled up another $994K in this company linked with SpaceX on Friday

Benzinga Real-time News ·  Oct 18, 2021 08:20  · ETF

Cathie Wood-led Ark Investment Management on Friday bought 126,360 shares — estimated to be worth about $994,453 — in $Velo3D(VLD.US)$, on the dip.

Shares of the 3D company, which went public last month via a merger with special purpose acquisition company Jaws Spitfire Acquisition Corp, closed 1.75% lower at $7.87 on Friday.

The $ARK Autonomous Technology & Robotics ETF(ARKQ.US)$ bought the shares in Velo3D, a 3D printer supplier for SpaceX. Besides ARKQ, the $ARK Space Exploration & Innovation ETF(ARKX.US)$ also owns shares in Velo3D. 

Together the two ETFs held 4.41 million shares, worth $35.39 million, in Velo3D ahead of Friday's trade.

SpaceX is a space exploration company led by $Tesla(TSLA.US)$ CEO Elon Musk.

Here are a few of the other key trades for Ark on Friday:

  • Bought 48,448 shares — estimated to be worth $6.55 million — in $Teladoc Health(TDOC.US)$. Shares of the telemedicine healthcare company closed 1.08% lower at $135.40 a share on Friday.

  • Sold 153,997 shares — estimated to be worth $6.75 million — in $NanoString Technologies Inc(NSTG.US)$. Shares of the biotech company closed 1.42% lower at $43.82 a share on Friday.

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Source: ARK Invest

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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