On Thursday, Cathie Wood’s fund-controlling firm Ark Invest further increased its exposure to Facebook Inc (NASDAQ: FB), after the Mark Zuckerberg-led company announced it converted its call to Meta Platforms Inc last week to reflect its ambition beyond social media. .
Ark Invest bought 102,461 shares, valued at $36. 46 million, on Facebook on Thursday.
Facebook’s consistent percentages closed up 1. 28% at $335. 85 consistent with the consistent percentage on Thursday. Inventory has risen 5. 9% since the Oct. 28 close, when Zuckerberg called for the change.
Facebook will replace its FB teletype to MVRS on December 1.
The investment corporation on Thursday bought shares of Facebook, the Ark Fintech Innovation ETF (NYSE: ARKF) and also owns shares of the Ark Next Generation Internet (NYSE: ARKW) corporate ETF.
Ark Invest’s two ETFs had amassed 487,303 shares, estimated at $161. 59 million, on Facebook before Thursday’s deal.
See also: Cathie Wood makes $63. 8 million on Facebook as social media sets metaverse ambitions
Here are some key Ark transactions on Thursday:
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