Cathie Wood Just Bought Another $402K In This Supplier Of Elon Musk-Led SpaceX

Cathie Wood-led Ark Investment Management on Thursday snapped up 50,249 shares — estimated to be worth about $402,494— in Velo3D Inc VLD, the 3D company that went public via a merger with special purpose acquisition company Jaws Spitfire Acquisition Corp in September.

Shares of Velo3D closed 1.07% higher at $8.01 a share on Thursday.

The Ark Autonomous Technology & Robotics ETF ARKQ bought the shares in Velo3D, the 3D printer supplier for SpaceX, the space exploration company led by Tesla Inc TSLA CEO Elon Musk, on Thursday. The Ark Space Exploration & Innovation ETF ARKX also owns shares in Velo3D.

Both ARKQ and ARKX together held 4.236 million shares, worth $34.57 million, in Velo3D ahead of Thursday's trade.

See Also: Cathie Wood Buys Another $800K In This Elon Musk-Led SpaceX's 3D Printing Partner

Here are a few of the other key trades for Ark on Thursday:

  • Sold 148,768 shares — estimated to be worth $21 million — in Unity Software Inc U. Shares of the company closed 2.54% higher at $141.35 a share on Thursday.
  • Bought 197,172 shares — estimated to be worth $2.22 million — in Somalogic Inc SLGC on the day shares of the company closed 2% lower at $11.28 a share.

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Posted In: NewsSector ETFsSmall CapETFs3D PrintingARK InvestCathie WoodElon MuskSpaceX
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