Cathie Wood-led Ark Investment Management on Friday bought 126,360 shares — estimated to be worth about $994,453 — in Velo3D Inc VLD, on the dip.
Shares of the 3D company, which went public last month via a merger with special purpose acquisition company Jaws Spitfire Acquisition Corp, closed 1.75% lower at $7.87 on Friday.
The Ark Autonomous Technology & Robotics ETF ARKQ bought the shares in Velo3D, a 3D printer supplier for SpaceX. Besides ARKQ, the Ark Space Exploration & Innovation ETF ARKX also owns shares in Velo3D.
Together the two ETFs held 4.41 million shares, worth $35.39 million, in Velo3D ahead of Friday's trade.
SpaceX is a space exploration company led by Tesla Inc TSLA CEO Elon Musk.
See Also: Cathie Wood Just Bought Another $402K In This Supplier Of Elon Musk-Led SpaceX
Here are a few of the other key trades for Ark on Friday:
Bought 48,448 shares — estimated to be worth $6.55 million — in Teladoc Health Inc TDOC. Shares of the telemedicine healthcare company closed 1.08% lower at $135.40 a share on Friday.
Sold 153,997 shares — estimated to be worth $6.75 million — in NanoString Technologies Inc NSTG. Shares of the biotech company closed 1.42% lower at $43.82 a share on Friday.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.