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Cathie Wood-led Ark Investment Management on Wednesday significantly raised its stake in Intuitive Surgical Inc (NASDAQ:ISRG) as it bought 7,259 shares of the robotic medical equipment maker, estimated to be worth about $5.96 million.
Shares of the California-based company closed 1.73% lower at $821.54 on Wednesday.
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This is Ark Invest’s second consecutive buy of Intuitive Health shares this month. Wood’s firm owns Intuitive Surgical shares via the Ark Autonomous Technology & Robotics ETF (BATS:ARKQ) and held a total of 52,355 shares worth about $43 million ahead of Thursday’s trade.
See Also: Cathie Wood Piles Up Teladoc As Shares Slump On Q1 Miss, Also Adds More Tesla
The popular investment management firm further raised its stake in Signify Health Inc (NYSE:SGFY) as it bought 129,777 shares of the value-based healthcare tech company, estimated to be worth about $3.24 million.
Shares of Signify Health have fallen about 21% since its listing in February and closed 0.24% higher at $24.97 on Wednesday.
The investment firm bought the shares of the company via the Ark Genomic Revolution ETF (BATS:ARKG). No other Ark ETF holds a stake in Signify Health.
ARKG held about 3.84 million shares, worth about $95.9 million, in the Texas-based healthcare company, representing about 1.11% of the ETF weight as of Wednesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.