Cathie Wood-led Ark Investment Management on Wednesday bought 102,790 shares, estimated to be worth about $814,097, in Velo3D Inc (NYSE:VLD), the 3D company that went public earlier this month via a merger with special purpose acquisition company Jaws Spitfire Acquisition Corp.
Shares of Velo3D closed 2.06% higher at $7.92 on Wednesday.
The Ark Autonomous Technology & Robotics ETF (BATS:ARKQ) bought shares in Velo3D, the 3D printer supplier for SpaceX, the space exploration company led by Tesla Inc (NASDAQ:TSLA) CEO Elon Musk.
The Ark Space Exploration & Innovation ETF (BATS:ARKX) also owns shares in Velo3D.
Both ARKQ and ARKX together held 4.26 million shares, worth $33.07 million, in Velo3D ahead of Wednesday’s trade.
Other than SpaceX, the Benny Buller-founded Velo3D, since its production launch in 2018, has worked with Honeywell International Inc (NASDAQ:HON), Boom Supersonic, and Lam Research.
See Also: Cathie Wood’s Ark Invest Sells Coinbase Shares For First Time As Stock Surges On Bitcoin Rally
Here are some of the other key trades for Ark on Wednesday:
- Sold 142,810 shares — estimated to be worth $19.67 million — in Unity Software Inc (NYSE:U). Shares of the company closed 1.06% lower at $137.76 on Wednesday.
- Bought 677,957 shares — estimated to be worth $65.6 million — in Crispr Therapeutics AG (NASDAQ:CRSP) on the dip. Shares of the company closed 5.67% lower at $96.77 on Wednesday.