Cathie Wood-led Ark Investment Management on Tuesday snapped up 108,653 shares, estimated to be worth about $18.87 million, in the media and entertainment company Walt Disney Co (NYSE: DIS) on the dip.
Disney shares fell 1.93% to $173.69 on Tuesday.
Even with inflation moving higher, investors seeking income still have limited options. The interest rates that government and corporate bonds are paying are still well below their historical averages.
On CNBC's "Options Action," Carter Worth said that Invesco QQQ Trust Series 1 (NASDAQ: QQQ) is up seven weeks in a row and it reached its all-time high last week.
Big Tech and cryptocurrencies seem to get all of the attention. But Thursday, it was the healthcare stocks that led the way.
The Health Care Select Sector SPDR Fund ETF (NYSE: XLV) follows the health care sector and it broke out to a new all-time high.