ARK Invest Fund, led by Cathie Wood, added yesterday — through ARKQ — 56,159 Xpeng ($XPEV) shares for the fourth time this year getting advantage of the decline on the EV maker shares. Xpeng is now the 16th biggest holding for the ARKQ Fund out of 39 different companies. Based on yesterday’s closing price ($39.36), the shares are valued at $2.21 Million — bringing up to $36 Million the value of the investment.
The fund have been loading shares on Xpeng and, two weeks ago, 57,657 shares worthing around $2M were added. ARK’s ARKQ ETF is focused on Autonomous Tech. & Robotics and has Tesla as the main holding with a weight of 9.93% while the EV maker Xpeng represents 2.26% of the portfolio. ARKQ is currenlty holding 39 different stocks and the top-3 holdings include also $PATH and $KTOS, with 8.22% and 7.34% weight respectively.
ARKQ is an actively managed ETF that seeks long-term growth of capital by investing under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of of autonomous technology and robotics companies that are relevant to the Fund’s investment theme. Autonomous technology and robotics companies are companies that the Adviser believes are expected to focus on, among other things, disruptive innovation in automation and manufacturing, transportation, energy, artificial intelligence, and materials.
As of 11:46 AM EST, Xpeng’s stock is trading 3.46% lower at $38 a share and is down 24.58% Year-to-date.
XPeng delivered 12,922 Smart EVs in January 2022, representing a 115% increase year-over-year, exceeding the monthly delivery benchmark of 10,000 units for the fifth consecutive month.
Deliveries in January 2022 consisted of 6,707 P7 smart sports sedans, representing an 81% increase year-over-year. 4,029 P5 smart family sedans were delivered in January, bringing total deliveries to over 11,000 since its launch in September 2021. 2,186 G3 and G3i smart compact SUVs were delivered in January.