Cathie Wood-led Ark Investment Management on Friday snapped up 136,859 shares, estimated to be worth about $9.55 million, in UiPath Inc(NYSE:PATH).
Shares of the New York-based software automation company closed 1.04% higher at $69.77 on Friday.
The investment firm made the purchase via the ArkGenomic Revolution ETF(BATS:ARKG).
Ark owns PATH shares via all of its six active ETFs. On a consolidated basis, the Wood-led firm now holds over 10 million shares, worth around $670 million in UiPath.
The products of the Bucharest, Romania-based software companyare used by organizations to help efficiently automate their various business processes. PATH closed 5.34% higher on Wednesday, giving the company a market valuation of $35.8 billion.
Some of the other key Ark Invest sells on Friday include Pluristem Therapeutics(NASDAQ:PSTI) and buys include Quantum-Si Inc(NASDAQ:QSI).