Cathie Wood buys 224K shares of AMZN across 5 of her 6 actively managed ETFs

Cathie Wood, the CIO and CEO of Ark Invest, swooped in this week and purchased just under 225K shares of Amazon (NASDAQ:AMZN) across five of her six actively managed exchange-traded funds, with the bulk of the buying being done by the firm’s flagship ARK Innovation ETF (NYSEARCA:ARKK).

Wood and her firm started layering in positions in Amazon (AMZN) this week starting on Monday, which also coincided with the same day ARKK fell to its lowest trading level of 2024, plunging down to $36.85 a share. It was also ARKK’s lowest level dating back to early November 2023.

In total, Wood and her team have purchased 224,746 shares of AMZN across ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (NYSEARCA:ARKW), ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), ARK Fintech Innovation ETF (ARKF), and ARK Space Exploration & Innovation ETF (ARKX).

In total, ARKK has now amassed 155,685 shares of AMZN, while ARKW picked up 22,217 shares of the e-commerce giant this week. At the same time, ARKQ and ARKF both took in 21,330, and 22,391 shares of Amazon (AMZN), respectively.

Even ARKX, the fund that provides exposure to space exploration, joined the group as it purchased 3,123 shares of AMZN.

Wood’s ETF Challenges

• ARKK is lower on the year by 21.2%, with investors removing $2.25B.
• ARKW trades 3.6% lower for 2024 so far, and has watched $435.14M leave the fund.
• ARKQ is -9.2% YTD and has handed back $242.89M.
• ARKF has fallen 6.2% in 2024 and is out of pocket $316.89M as investors exit the fund.
• ARKX is in the red by 6.1% and has seen outflows of $43.23M in 2024.