Cathie Wood-led Ark Investment Management on Friday bought 126,360 shares estimated to be worth about $994,453 in Velo3D Inc (NYSE:VLD), on the dip.<\/p>\n
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.<\/p>\n
The Ark Autonomous Technology & Robotics ETF (BATS:ARKQ) bought the shares in Velo3D, a 3D printer supplier for SpaceX. Besides ARKQ, the Ark Space Exploration & Innovation ETF (BATS:ARKX) also owns shares in Velo3D.<\/p>\n
Together the two ETFs held 4.41 million shares, worth $35.39 million, in Velo3D ahead of Friday's trade.<\/p>\n
SpaceX is a space exploration company led byTesla Inc (NASDAQ:TSLA) CEO Elon Musk.<\/p>\n
See Also: Cathie Wood Just Bought Another $402K In This Supplier Of Elon Musk-Led SpaceX<\/p>\n
Here are a few of the other key trades for Ark on Friday:<\/p>\n
Bought 48,448 shares estimated to be worth $6.55 million in Teladoc Health Inc (NYSE:TDOC). Shares of the telemedicine healthcare company closed 1.08% lower at $135.40 a share on Friday.<\/p>\n
Sold 153,997 shares estimated to be worth $6.75 million in NanoString Technologies Inc (NASDAQ:NSTG). Shares of the biotech company closed 1.42% lower at $43.82 a share on Friday.<\/p>\n
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Cathie Wood Piled Up Another $994K In This Company Linked With Elon Musk's SpaceX On Friday - Benzinga - Benzinga<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Cathie Wood-led Ark Investment Management on Friday bought 126,360 shares estimated to be worth about $994,453 in Velo3D Inc (NYSE:VLD), 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. Continue reading