ARK ETFs Make Notable Moves in the Market

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ARK Etfs,Cathie Wood,Tesla

Cathie Wood's ARK ETFs have made significant purchases of Tesla shares while reducing their position in the online brokerage platform. The purchases highlight ARK's confidence in Tesla, while the reduction indicates a change in their stance on the online brokerage platform.

Cathie Wood's ARK ETFs have made notable moves in the market on Friday, April 5th, 2024, as reported in their daily trade summary. Leading the purchases, ARK bought a significant amount of Tesla Inc (NASDAQ:) shares, adding 133,975 shares across its ARKK and ARKW ETFs, with a total dollar value of $22,924,462. This move underscores ARK's continued confidence in the electric vehicle giant, which has been a consistent trend as the fund has been accumulating Tesla shares over recent days.

), buying 154,401 shares through ARKK and ARKW, valued at $9,301,116. This purchase follows a pattern of investment in the streaming device company, suggesting a bullish stance on Roku's market position and growth potential.), offloading a total of 925,585 shares across three ETFs—ARKK, ARKW, and ARKF—with a total value of $17,077,043. This move indicates a significant reduction in ARK's position in the online brokerage platform.), with a total of 62,615 shares sold for a value of $15,629,33

 

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