Predict your next investment

BUSINESS PRODUCTS & SERVICES | Commercial Printing
stickerapp.se

See what CB Insights has to offer

Founded Year

2006

Stage

Corporate Majority | Acquired

Valuation

$0000 

About Sticker App

Sticker App allows customers to order custom stickers

Sticker App Headquarter Location

Poppelgatan 21

Lomma, 234 35,

Sweden

Latest Sticker App News

Cathie Wood's ARKX Space ETF on track for one of most successful fund launches ever (ARKX, ARKF, TRMB, PRNT, BA, UFO)

Apr 7, 2021

Cathie Wood's newly launched exchange-traded fund focused on investments in space exploration is on its way to becoming one of the most successful fund launches in history. Ark Space Exploration and Innovation ETF took in $536.2 million in its first five days since it began trading on March 30, according to FactSet data, as reported by The Wall Street Journal . This figure far surpasses the industry average of ETFs collecting $100 million in three years. At its current pace, the newest fund of Ark Investment Management may be on track to hit the $1 billion mark in a few months. The fastest ETF to reach the $1 billion threshold was State Street's SPDR Gold Trust fund in 2004, which made this record in just three days . "I think in terms of metrics of volume and inflow, it would be hard to argue that it's anything but a successful launch," Andrew Chanin, ProcureAM CEO and co-founder, told Insider. But Chanin, the man behind UFO, a passive space-themed ETF, noted that Wood's ETF affords her more wiggle room to invest in companies that do not necessarily generate their revenues from space. The top holding of ARKX is Trimble , a technology company that provides GPS, laser, and optical technologies. The California-based company has an 8.61% weight in the ETF. Boeing ,  Lockheed Martin , and Ark's 3D printing  ETF are also among the top 10 holdings . Wood's last fund was launched two years ago , with the debut of ARK Fintech Innovation ETF,  which focuses on financial technology innovation. The arrival of ARKX comes amid rising interest in space exploration among the broader public. UFO  has seen a 14% gain year-to-date although it has lagged the S&P 500 since its inception in 2019. UFO is the world's first pure-play space ETF and holds Loral Space, Viasat, and Gilat, among others. "It's not being about creative and buying tangential plays on whether the company is affected by space," Chanin said, talking about his fund. "We are actually looking at companies that are generating revenue from space." The space industry has become mainstream in the past years as more well-known companies including Elon Musk's SpaceX and Richard Branson's Virgin Galactic continue to make progress. ARKX closed at $20.81 on Wednesday, down 1.37%. Newsletter

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.