All articles tagged with #ark investment
Cathie Wood, head of Ark Investment, actively buys battered stocks like Figma and Bullish, reflecting her high-risk, high-reward strategy focused on emerging tech sectors. Despite recent volatility and outflows, her funds have rebounded with strong year-to-date gains, and she remains optimistic about technological innovation and digital assets.
Cathie Wood's ARK Investment funds have continued to sell shares of Coinbase and Tesla, with the ARK Fintech Innovation ETF, ARK Innovation ETF, and ARK Next Generation Internet ETF all offloading significant amounts of these stocks. The sales amounted to $26.3 million for Coinbase and $13.1 million for Tesla. ARK also purchased shares of Meta Platforms, Robinhood Markets, SoFi Technologies, and Twilio within various ETFs.
Cathie Wood's ARK Investment sold $7.3 million worth of Tesla stock through its Autonomous Technology & Robotics ETF and Next Generation Internet ETF, while also adding shares of Advanced Micro Devices and Taiwan Semiconductor Manufacturing. ARK funds have sold over 500,000 shares of Tesla this month.
Cathie Wood's ARK Investment bought $2 million worth of AMD and Taiwan Semiconductor shares, adding them to its Autonomous Technology & Robotics and Next Generation Internet ETFs. Meanwhile, ARK continued to sell Tesla shares, dumping about $2 million worth of stock from its ETFs.
Cathie Wood, the star tech investment strategist, has praised Tesla CEO Elon Musk as the "inventor of our age" and predicted that the company's Full Self-Driving (FSD) technology is close to being perfected. Wood, who is an investor in Tesla stock, is not concerned about the possibility of regulators prohibiting self-driving vehicles due to safety issues. She has been buying up Tesla stock throughout 2023, and it is the top holding in ARK Investment, representing 9.82% of the portfolio.