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Exchange-traded funds under the ETF umbrella of star investor Cathie Wood bought 462,490 shares of Snap, the parent of Snapchat that has been hard hit by privacy changes introduced by Apple.
Wood’s ARK Next Generation Internet ETF (ticker: ARKW) purchased 301,671 Snap shares on Monday, according to the daily trades posted by the ARK funds. The Ark Fintech Innovation ETF (ARKF) bought 160,819 shares.