Cathie Wood Bought Another $70K In This 3D Printing Partner Of Elon Musk-Led SpaceX on Friday

Cathie Wood’s Ark Investment Management on Friday further raised its exposure in Velo3D Inc VLD, a 3D-printing technology firm that counts Tesla Inc TSLA CEO Elon Musk's SpaceX among its key customers. 

The popular money manager bought 10,000 Velo3D shares — estimated to be worth about $70,300 based on their last closing price — on the dip through two of its actively traded exchange funds. 

Ark Space Exploration & Innovation ETF ARKX and the Ark Autonomous Technology & Robotics ETF ARKQ together held 7.39 million — worth $52.69 million— in Velo3D before Friday’s trade.

Velo3D stock closed 1.4% lower at $7.03 a share on Friday. It is down 10.3% year-to-date. 

Wood's Ark has been steadily buying shares in Velo3D since its market debut in October, which happened via a merger with blank-check firm Jaws Spitfire Acquisition Corp.

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

Here are a few other key Ark Invest trades from Friday:

  • Bought 20,624 shares —estimated to be worth $3.26 million— in independent identity provider Okta Inc OKTA. The stock closed 5.7% lower at $158.4 a share on Friday and is down 29% year-to-date.

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Posted In: Long IdeasNewsSector ETFsSmall CapTrading IdeasETFs3D PrintingAerospace manufacturerARK InvestCathie Wood
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