Cathie Wooden’s ARK funds bought Tesla
TSLA,
+0.63%
to extend their stake in Zoom Video Communications
ZM,
+0.80%
after the poorly obtained outcomes by the video communications firm. Within the flagship Ark Innovation ETF
ARKK,
+1.71%,
the fund bought $136 million of Tesla shares whereas shopping for $112 million of Zoom. Within the ARK Subsequent Technology Web ETF
ARKW,
+1.62%,
the fund bought $23 million of Tesla to purchase $22 million of Zoom.

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