Cathie Wood-led Ark Investment Management on Tuesday bought 24,400 shares — estimated to be worth about $137,616 based on the latest closing price — in Velo3D Inc VLD, the 3D company that went public last year via a merger with special purpose acquisition company Jaws Spitfire Acquisition Corp.
Shares of Velo3D closed 3.87% higher at $5.6 on Tuesday. The stock is down 28% year-to-date. Ark bought the shares in the 3D printer supplier for SpaceX — the space exploration company led by Tesla Inc TSLA CEO Elon Musk — via the Ark Space Exploration & Innovation ETF ARKX.
See Also: Cathie Wood Buys Another $800K In This Elon Musk-Led SpaceX's 3D Printing Partner
The Ark Autonomous Technology & Robotics ETF ARKQ too owns shares in Velo3D.
Both ARKQ and ARKX together held 6.9 million shares, worth $37.6 million, in Velo3D ahead of Tuesday's trade.
Photo: Courtesy of Velo3D
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