Cathie Wood-led ARK Investment Management dumped over 200,000 shares of Spotify Technology SA (NYSE: SPOT) on Friday via two of the company’s exchange-traded funds (ETFs).
After a horrible 2021 for Cathie Wood, the ARK Innovation ETF (NYSE: ARKK) is down another 59.1% in 2022.
High-growth tech stocks have taken a beating as interest rates have spiked, sending ARK Invest ETFs plummeting.
Cathie Wood-led Ark Investment Management on Wednesday sold 96,746 shares of Signify Health Inc. (NYSE: SGFY), estimated to be valued at around $2.8 million.
Tesla Inc (NASDAQ: TSLA) is still Ark Invest's largest holding, and founder and CEO Cathie Wood remains as bullish as ever on the Elon Musk-led company.
Cathie Wood, the founder of ARK Investment Management, has said the current U.S. monetary policy is significantly more restrictive than in the 1980s when, to kill inflation, former Federal Reserve Chair Paul Volcker had pushed the Fed funds rate up two-fold from 10% to 20%.
Cathie Wood-led Ark Investment Management on Friday raised its stake in clinical stage genetics medicine company Verve Therapeutics Inc (NASDAQ: VERV) via two of its exchange-traded funds.
Cathie Wood-led Ark Investment Management on Tuesday sold 1,102,797 shares in Signify Health Inc. (NYSE: SGFY), valued at $32.3 million, via two of its key exchange-traded funds.