Ark Invest also trimmed its top holding by nearly $10 million.
, a life science technology company focused on solving genetic problems, are struggling lately. After climbing to 52-week highs in July, the company's stock plummeted throughout August, then again in the second half of September.
In the midst of this ongoing volatility, Cathie Wood, the CEO and investment lead of Ark Invest, boosted her firm's holding in PacBio by more than $5 million Oct. 11. Ark's flagship Innovation ETF, at 588,818 shares, picked up the bulk of the purchase. Ark Innovation now holds a total of 17.2 million shares in PacBio, worth $155 million and weighted at 2.23% of the fund.
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