Cathie Wood-led Ark Investment Management on Thursday bought 4,496 shares, estimated to be worth about $10.55 million, in Google parent Alphabet Inc GOOGL GOOG on the dip.
Alphabet Class A shares closed 0.97% lower at $2,347.58 and Class C shares closed 0.69% lower at $2,404.61 on Thursday.
The investment firm’s Ark Fintech Innovation ETF ARKF, made a debut in Alphabet as it added the shares of the company to a portfolio of 43 other stocks.
Ark Invest also holds Alphabet via the Ark Space Exploration & Innovation ETF ARKX and Ark Autonomous Technology & Robotics ETF ARKQ.
Both ARKX and ARKQ have in the past few trading sessions sold some shares in Alphabet and together held 64,776 shares, worth $156.83 million, as of Thursday.
See Also: Cathie Wood Slashes Apple Stake To Half — Also Trims Google, Fastly: What You Need To Know
The New York-based investment firm’s Ark Innovation ETF ARKK also loaded up 96,123 shares in Zoom Video Communications Inc ZM, estimated to be worth about $31 million, on the dip.
Zoom shares closed 2.48% lower at $319.01 on Thursday.
The video calling company is among Wood’s bets that have done well during the rush to work and learn from home during the pandemic last year.
Zoom is the sixth-largest holding in ARKK, behind Tesla Inc TSLA and Teladoc Health Inc TDOC, in a portfolio of 54 stocks.
The investment firm also holds 491,264 shares, worth about $160.69 million, in Zoom via the Ark Next Generation Internet ETF (NYSE: ARKW), as of Thursday.
Some of the other key Ark Invest sells on Thursday included Guardant Health Inc GH and buys included 908 Devices Inc MASS.
See Also: Cathie Wood Loads Up $27.4M In Okta On Dip, Also Adds Zoom
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