Cathie Wood-led Ark Investment Management on Wednesday bought 102,790 shares, estimated to be worth about $814,097, in Velo3D Inc (NYSE:VLD), the 3D company that went public earlier this month via a merger with special purpose acquisition companyJaws Spitfire Acquisition Corp.<\/p>\n
Shares of Velo3D closed 2.06% higher at $7.92 on Wednesday.<\/p>\n
The Ark Autonomous Technology & Robotics ETF (BATS:ARKQ) bought shares in Velo3D, the 3D printer supplier for SpaceX, the space exploration company led by Tesla Inc (NASDAQ:TSLA) CEO Elon Musk.<\/p>\n
The Ark Space Exploration & Innovation ETF (BATS:ARKX) also ownsshares in Velo3D.<\/p>\n
Both ARKQ and ARKX together held 4.26 million shares, worth $33.07 million, in Velo3D ahead of Wednesday's trade.<\/p>\n
Other than SpaceX, the Benny Buller-founded Velo3D, since its production launch in 2018, has worked with Honeywell International Inc (NASDAQ:HON), Boom Supersonic, and Lam Research.<\/p>\n
See Also: Cathie Wood's Ark Invest Sells Coinbase Shares For First Time As Stock Surges On Bitcoin Rally<\/p>\n
Here are some of the other key trades for Ark on Wednesday:<\/p>\n
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Cathie Wood Buys Another $800K In This Elon Musk-Led SpaceX's 3D Printing Partner - Benzinga - Benzinga<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Cathie Wood-led Ark Investment Management on Wednesday bought 102,790 shares, estimated to be worth about $814,097, in Velo3D Inc (NYSE:VLD), the 3D company that went public earlier this month via a merger with special purpose acquisition companyJaws Spitfire Acquisition Corp. Shares of Velo3D closed 2.06% higher at $7.92 on Wednesday. Continue reading