The SPDR S&P Biotech ETF (NYSE: XBI) is trading below an important resistance level, but the iShares Nasdaq Biotechnology ETF (NASDAQ: IBB) has broken out.
Cathie Wood-led Ark Investment Management on Tuesday snapped up 858,129 shares, estimated to be worth about $59.12 million, in UiPath Inc (NYSE: PATH) on the dip.
Shares of the New York-based software automation company closed 3.34% lower at $68.90 on Tuesday.
Investors could be looking for the hottest sectors to invest in for the second half of 2021. One way to play the hot sectors is to invest in ETFs, or exchange-traded funds, to get exposure to many stocks in one sector that could benefit.
Here is a look at five ETFs that could have a strong second-half performance in 2021.
The Financial Select Sector SPDR Fund (NYSE: XLF) tracks the financial stocks, which include companies like banks and brokers. Between June 7 and June 18, the ETF lost about 10% of its value.
Cathie Wood-led Ark Investment Management on Monday deployed the Ark Space Exploration & Innovation ETF (BATS: ARKX) to buy 3,007 shares, estimated to be worth about $1.6 million, in the video streaming company Netflix Inc (NASDAQ:
Cathie Wood-led Ark Investment Management on Friday snapped up 136,859 shares, estimated to be worth about $9.55 million, in UiPath Inc (NYSE: PATH).
Shares of the New York-based software automation company closed 1.04% higher at $69.77 on Friday.
Cathie Wood-led Ark Investment Management has quickly piled up over one million shares in the semiconductor company Quantum-Si Inc (NASDAQ: QSI) since it began trading earlier this month.