Tech investor Cathie Wood on Tuesday doubled down on her belief in Zoom Video , scooping up nearly 200,000 shares as the stock tumbled. The daily activity log for Wood's Ark Invest shows the firm added more than 157,000 shares of Zoom Video to her flagship Ark Innovation ETF and more than 36,000 shares to the Ark Next Generation ETF. The purchases were worth more than $56 million based on Zoom's closing price Tuesday. Shares of Zoom tanked more than 16% on Tuesday after the company's second-quarter report showed slowing growth. The work-from-home stock is now down 14% year to date. Wood has made a habit of buying dips in her favorite stocks, including DraftKings and Roblox . The investor said in July it would be a " mistake " to sell stay-at-home winners like Zoom and Roku as the pandemic waned. "What we believe is the coronavirus crisis changed the world dramatically and permanently, and when consumers and businesses find faster, cheaper, better, more productive, more creative — they're not going back to the old world," Wood told CNBC's " Closing Bell ." Ark's daily transaction list does not show the average purchase price of the stock, so it is unclear if Wood has already registered an on-paper loss for the Zoom buys. Ark also added 260,000 shares of Robinhood to the Ark Fintech ETF on Tuesday. That's worth about $11.5 million at Tuesday's closing price. Wood gained a huge following last year as her funds outpaced the market during the pandemic, powered by big performers like Zoom and Tesla. However, 2021 has seen a more mixed record for her bets, and the Ark Innovation ETF is down slightly year to date.
