Cathie Wood Buys $6M In Intuitive Surgical, $3M In Signify Health

Cathie Wood-led Ark Investment Management on Wednesday significantly raised its stake in Intuitive Surgical Inc ISRG as it bought 7,259 shares of the robotic medical equipment maker, estimated to be worth about $5.96 million.

Shares of the California-based company closed 1.73% lower at $821.54 on Wednesday.

This is Ark Invest’s second consecutive buy of Intuitive Health shares this month. Wood’s firm owns Intuitive Surgical shares via the Ark Autonomous Technology & Robotics ETF ARKQ and held a total of 52,355 shares worth about $43 million ahead of Thursday’s trade. 

See Also: Cathie Wood Piles Up Teladoc As Shares Slump On Q1 Miss, Also Adds More Tesla

The popular investment management firm further raised its stake in Signify Health Inc SGFY as it bought 129,777 shares of the value-based healthcare tech company, estimated to be worth about $3.24 million.

Shares of Signify Health have fallen about 21% since its listing in February and closed 0.24% higher at $24.97 on Wednesday. 

The investment firm bought the shares of the company via the Ark Genomic Revolution ETF ARKG. No other Ark ETF holds a stake in Signify Health. 

ARKG held about 3.84 million shares, worth about $95.9 million, in the Texas-based healthcare company, representing about 1.11% of the ETF weight as of Wednesday.