Cathie Wood-led Ark Investment Management on Tuesday snapped up 858,129 shares, estimated to be worth about $59.12 million, in UiPath Inc on the dip.
Shares of the New York-based software automation company closed 3.34% lower at $68.90 on Tuesday.
The investment firm owns UiPath shares via all of its six active ETFs but deployed the Ark Genomic Revolution ETF(BATS:ARKG) and theArk Innovation ETF to buy the stock on Tuesday.
On a consolidated basis, the Wood-led firm's ETFs held 10.10 million shares, worth around $720.23 million in UiPath, ahead of Tuesday’s trades.
The Romania-based software company’sproducts are used by organizations to help automate their various business processes.
The New York-based investment firm also sold 5,986 shares via ArkNext Generation Internet ETF , estimated to be worth about $2.64 million, in Roku Inc on Tuesday.
Shares of the San Jose, California-based company that makes a host of digital media players for video streaming, closed marginally higher at $440.48 on Tuesday.
ARKK and ARKW together held 4.22 million shares, worth about $1.86 billion, in Roku ahead of Tuesday’s trade.
Some of the other key Ark Invest sells on Tuesday include Pluristem Therapeutics Inc , and buys include Galileo Acquisition Corp.
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