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(Reuters) – Star investor Cathie Wood’s funds have scooped up $56.5 million worth of shares in Zoom Video Communications Inc as the video conferencing company’s stock registered their worst day in months on Tuesday after warning on slowing demand.
Ark Invest added about $45.5 million shares of the stay-at-home beneficiary in the flagship ARK Innovation ETF and about $11 million in the ARK Next Generation Internet ETF, according to an email from the asset manager headed by Wood.
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(Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)
