© Reuters.
Cathie Wood’s ARK ETFs have made significant moves in the stock market on Friday, March 22nd, 2024, with a series of buys and sells that reflect the investment firm’s shifting strategies. The most noteworthy trade of the day was ARK’s sale of Coinbase Global Inc (NASDAQ:), with a total of 217,610 shares offloaded across three ETFs, amounting to a substantial $57,013,820 in value.
On the buying side, ARK showed a strong appetite for Tesla Inc (NASDAQ:), purchasing 116,408 shares valued at $20,117,631. This move underscores ARK’s continued confidence in the electric vehicle giant, a stock that has been a long-standing component of Wood’s innovation-driven portfolio.
Another significant trade was the acquisition of 305,269 shares of Roku Inc (NASDAQ:), which had a total dollar value of $19,485,320. This purchase indicates a bullish stance on the streaming device company, despite the competitive pressures it…
