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.
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.
Cathie Wood-led Ark Investment Management on Wednesday shed more weight in Palantir Technologies Inc (NYSE: PLTR), its second such sale in the data analytics company in recent months.