Cathie Wood Buys $13.5M In Smart Glasses Supplier Vuzix On Dip

Cathie Wood-led Ark Investment Management bought 773,400 shares inVuzix CorpVUZI 8.54%on Friday, estimated to be worth about $13.5 million.

Shares of Vuzix, which makes smart glasses for the consumer, defense, security and enterprise markets, fell 8.54% to $17.46 on Friday. The stock has a 52-week high of $32.43 and a 52-week low of $2.07.

The investment firm bought the shares via theArkNext Generation Internet ETFARKW 0.66%and also holds the shares of the company in theArk Autonomous Technology & Robotics ETF(BATS:ARKQ).

Together, the two ETFs held 2.53 million shares, worth about $48.38 million as of Friday’s trade.

The wearable and augmented reality technology company earlier this month told Benzinga that it will, in 2021, introduce a next-generation version of its smart glasses that "look and feel like a regular pair of fashion-forward glasses."

Some of the other key Ark Invest sells on Friday included Pinduoduo IncPDD 4.36%and buys includedZoom Video Communications IncZM 1.56%and the SPACJaws Spitfire Acquisition CorpSPFR 0.51%.