Cathie Wood, the founder of ARK Invest, a firm that focuses on innovation and aims to invest in Big Tech stocks has sold a lot of its shares.
Cathiesark.com data, which tracks equity positions and trades of the investment firm, shows that ARK Invest (ARK) sold Coinbase, a top US crypto-exchange, for $6.3 million on July 10.
On July 10, the firm sold $6 million of Robinhood, a trading app from giant Robinhood. Between July 10 and 11, $8.5 million of Roku streaming platforms (ROKUs) were also purchased.
Other large ARK Invest purchases include $1,8 million on the 11th of July for electric aircraft manufacturer Archer Aviation and $8.3 millions between July 9 and 10th in digital payments company Square.
ARK Invest, amidst the huge sales of Tesla vehicles (TSLA), purchased a staggering $14.2 Million worth on 11th July.
ARK Invest’s largest single investment is Coinbase, valued at $881.42 million. Tesla comes in at second place with $865.1million.
Ark Invest’s largest holding, at $674.4 millions is Roku. Robinhood follows at $636.1.
Ark CEO Cathie Wood stated in an interview with CNBC this month, that it is possible for the stock market to enter a bull run. She also predicted a US recovery after the Fed lowers rates.
We have climbed a wall made of anxiety. Many people thought that tariffs, wars and controversy between President Trump and the Fed would really shock the markets.
There has also been volatility. These are the bull markets I believe are most resilient, where the market continues to climb despite all the controversy. This is a real signal. It’s really signaling something.
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Cathie Wood sells off shares of Coinbase and Robinhood before diving into this big tech stock may be updated as new information becomes available.
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