The Big ARK Invest Buys Last Week Cathie Wood stocks
Initially, foreign-traded funds were developed to provide a cost-effective way to invest in the stock market. But an ETF revolution is taking place. After more than doubled value in 2020, Cathie Wood's ARK Invest actively controlled ETFs are more common than ever before.
Given the success of Wood, intelligent investors follow the moves of the ETFs of ARK Invest. Below you can read more about five inventories that are loved by Wood's five successful ETFs — and a nice piece of investment capital.
1. Autonomous Technology & Robotics ARK: Surgical Intuition
In order to take advantage of automated companies worldwide with inventories for self-driving cars, 3-D printing or space exploration, ARK Autonomous Technical & Robotics (NYSEMKT:ARKQ). Pioneering robotic surgical equipment Intuitive surgical (NASDAQ:ISRG) has a perfect match and the ETF purchased almost 21 000 shares on 12 February, making up approximately 0.4 percent and producing approximately $17 million of the fund's assets. The trend continued to grow, which boosted the overall investment to 1.6%.
For a long time, Intuitive Surgical had been a giant in robotic surgery, but by 2020 the stock of the business remained largely holding. However, although the pandemic has hit sales, the growing prospects of automated healthcare products make the stock enticing. Since the medical industry is slowly recovering from coronavirus vaccination, it is a good time for Intuitive Surgics to increase sales.
2. Regeneron Pharmaceuticals ARK Genomic Revolution
The aim of ARK Genomic Revolution (NYSEMKT:ARKG) is to provide companies that help with genomics in healthcare advances. Its stocks include the CRISPR stocks, molecular diagnostics and niches in bioinformatics, and Regeneron Pharmaceuticals (NASDAQ:REGN) received a huge interest this week from ETF. On Feb. 8 and 9, two acquisitions brought Regeneron's 100,000 shares into the portfolio, representing over half a portion of its assets and nearly $50 million. This made Regeneron the fourth-largest shareholder in the portfolio with over $530 million in total holdings.
Throughout 2020 and early 2021, Regeneron has had its prospects for the COVID-19 pandemic, which has had some success in the treatment against the disease. But Regeneron's history of successful therapies is much longer and Wood possibly sees solid growth chances well beyond the impact of the pandemic.
3. ARK Fintech: Wellness and Technology Ping
Investments in state-of-the-art financial technology firms are targeted at ARK Fintech (NYSEMKT:ARKF). Thus, it may seem odd to see a Fintech portfolio of Ping An Healthcare and Technology (OTC:PANH.F). But on Feb 10 and 11, two large shares of the Chinese company added almost 2,6 million shares, accounting for almost 1 percent of the $2 billion in capital stock of ETF.
The services provided at Ping An include a customer-facing website for medications and medical devices, physical and genetic tests, online references and consultations and health and wellness management. Ping An is also in the groups following ARK Fintech. In addition, Ping An Insurance has a 41% stake and is fully based on health insurance within the ETF department of Fintech. The prospects of Ping An are intriguing as the Chinese market is witnessing the very same revolution in telemedicine and medical technology as the US.
4. ARK Internet Next Generation: Shop
The ARK Next Generation Internet (NYSEMKT:ARKW) has received investors with over $5 billion in assets under control. This week, the fund added to the current e-commerce positions Shopify (NYSE:SHOP). Four February 8-11 acquisitions added over 61,000 shares, or about $90 million in total. Shopify currently accounts for over 3% of its holdings, ranking No. 7.
The stock of Shopify has soared, but there is still plenty of room for development ahead of it. The company has promoted the development of a web presence for businesses of all sizes and it is important to enable companies to remain in business throughout the pandemic. As Shopify integrates partners and continues to pull new companies in the ecosystem, Shopify can continue to strengthen its platform and grow in 2021 and beyond.
5. Unitary Software: ARK Invention
Finally, the largest active ETF for ARK Invest is ARK Innovation Innovation (NYSEMKT:ARKK). Wood's most favored stock for the week was unity tech, with almost $18 billion spread through the four sub categories above (NYSE:U). On February 8, the Fund purchased over 419,000 shares for more than $50 million and accounted for one-third of the total ETF assets. This led ARK Innovation to 1,6 percent, which made it one of the top 25 firms.
On its platform development, Unity Software provides video game developers with tools. For its initial construction, Unity was the basis of over 1.5 million game developers, over half video games on handheld devices, computers and Game Consoles. With the rapid growth and evolution of the video game industry, many seem to agree with Wood's evaluation of the Unity prospects for long-term growth.
Is Wood able to repeat in 2021?
In 2021, Wood's ETFs will take a powerful show to double once more. However, even if they are short, the stocks chosen by the ARK Invest CEO would be worthwhile for investors who look for good stock ideas.
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