Ark has bought shares twice since the Figma deal was announced.
The greatest decrease since the announcement of the acquisition of software start-up Figma Inc., occurred when Kathy Wood purchased another tranche of Adobe Inc. shares as they dropped to within striking distance of a mid-September low.
Wood’s Ark Investment Generation purchased 23,605 shares of Adobe through its Internet ETF.
Ark has owned 1,200 Adobe shares since mid-2021.
Analysts have downgraded Adobe’s stock, a longtime favorite on Wall Street that has lost more than half of its value since hitting an all-time high in November due to the company’s stock sell-off following its acquisition by Figma.
The primary Ark ETF is down 63% in 2022 after historically tight monetary policy and concerns over a worldwide economic slowdown stifled stock market gains.