Cathie Wooden-led Ark Funding Administration on Wednesday snapped up hundreds of thousands of shares of the New York-based software program automation firm UiPath Inc (NYSE: PATH) on the day that it made its buying and selling debut.
The funding agency deployed all its six energetic ETFs to purchase the two.74 million shares estimated to be price $188.98 million as of UiPath’s Wednesday shut of $69.
Trades have been made by the Ark Innovation ETF (NYSE: ARKK), Autonomous Know-how & Robotics (BATS: ARKQ), Subsequent Era Web ETF (NYSE: ARKW), Fintech Innovation ETF (NYSE: ARKF), Genomic Revolution ETF (BATS: ARKG) and the House Exploration & Innovation ETF (BATS: ARKX).
ARKF purchased 238,407 shares, ARKG purchased 540,806 shares, ARKK purchased 1,348,999 shares, ARKQ purchased 187,267 shares, ARKW purchased 384,976 shares, and ARKX purchased 38,475 shares; all representing about 0.38% of the respective ETFs.
The merchandise of the Bucharest, Romania-based software program firm are