Ark also sold four shares, including a security contractor and a financial management software company.
Well-known investor Cathie Wood, chief executive of Ark Investment Management, has bought shares in biotech and a technology company focused on international e-commerce compliance.
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He also sold four companies. All prices below will close on Tuesday.
Ark Fintech Innovation ETF (ARKF) - purchased 96,707 shares of Global-E Online (GLBE), an e-commerce company, valued at $ 2.2 million.
The Global-E Online e-commerce platform, the website says, uses "localization capabilities, big data, more efficient business intelligence models, [and] global planning [to]] retailers and products increase international traffic conversions and and marketing and achieving significant online growth worldwide. "
The stock has risen 18% on May 17 but is still trading at about a quarter of its 52-week high near $ 84, set at the end of last August.
Vessel funds have seized 4,049,903 shares of Ginkgo Bioworks (DNA) worth $ 11.1 million.
On the sales side, Ark Genomic Revolution ETF (ARKG) - 112,333 shares in Burning Rock Biotech (BNR), valued at $ 361,712.
Ark Innovation ETF (ARKK) - Dismissed 158,765 shares of Singapore-based Sea (SE) - A digital entertainment company, valued at $ 12.7 million.
Ark Fintech Innovation downgraded 7,492 shares of Intuit (INTU) - $ 2.8 million in financial management software company.
And Ark Autonomous Technology & Robotics ETF (ARKQ) - Autonomous has lost 1,403 shares of Lockheed Martin (LMT) - The world's largest defense contract, valued at $ 618,723.
Trailing the S&P 500
As Ark's finances have plummeted in recent months, Wood has defended himself by noting that it has the potential to invest for five years.
And the five-year record of his flagship Ark Innovation can really give investors the luxury of it until May 9. A five-year fund return surpasses that of the S&P 500 until then. But Ark Innovation’s five-year annual return to 12.59% up to May 17, compared to 13.66% of the S&P 500.
Ark Innovation is down 55% this year as disruptive young wood technology companies have hit something high. It also dropped by 73% from its February 2021. high temperature inflation and rising interest rate helped put the kibosh in technology stocks.
However, Wood's investors do not abandon him. Ark Innovation has enjoyed a net worth of more than $ 1.5 billion a year so far since the week of May 9.
Morningstar’s View
Meanwhile, on March 29, Morningstar analyst Robby Greengold issued a strong criticism of Ark Innovation.
"ARKK is showing a few signs of improving its risk management or the ability to navigate successfully in a challenging test environment," he wrote.
"Since the rise in weather conditions in 2020, the strategy has become one of the most resilient revenues in the US. ...
Wood responded to Greengold's points in a recent interview with Magnifi Media by Tifin. "I know there are companies like that [Morningstar] who don't understand what we are doing," he said.
“We don't go into their style boxes. And I think style boxes will be a thing of the past, as technology blurs lines between and within sectors. "
