On Thursday, Cathie Wood-led Ark Invest made significant trades, with a notable purchase of Figma Inc (NYSE:FIG) shares.
The Figma Trade
ARK Innovation ETF (BATS:ARKK) and ARK Next Generation Internet ETF (BATS:ARKW) acquired a substantial number of Figma shares.
The purchase amounted to 964,342 shares in total, with 823,965 shares bought by ARKK and 140,377 shares by ARKW. At the closing price of $25.86, this acquisition is valued at approximately $24.93 million.
Figma’s stock has been on an upward trajectory, closing with …