Katie Wood’s Ark ETF bought about 1.3 million shares of Twitter during its worst trading week for a social media company since last October.
On April 30, the stellar stock picker funds bought 1.3 million shares of Twitter, of which 843,194 shares were bought by the Ark Innovation ETF (ARKK) and 468,256 shares were bought by the Ark Next Generation (ARKW) online ETF, according to daily trading updates from the funds. As of Monday afternoon, the stock is valued at about $ 71.2 million.
According to the website, the combined net worth of both funds is approximately $ 29 billion.
The social media giant’s shares fell 15% on Friday, declining for the fifth straight session after its first quarter earnings report fell short of analysts’ estimates.
Twitter is trading down 0.91% to 54.74% as of 3:00 pm ET.
2020 was a landmark year for Wood, earning her a cult following in the industry. Her funds have brought in eye-popping profits, and her flagship fund has grown more than 150% in 2020.
However, this year was slower for Wood. ARKK is down 2.07% YTD, while ARKW is up 2.49%.