ARK Invest Adds Rocket Lab and Cloudflare to Portfolio Amid Price Decline
Cathie Wood's ARK Invest made notable trades on August 11, purchasing shares of Rocket Lab and Cloudflare. The largest disclosed purchase was for 292,873 Rocket Lab shares across three exchange-traded funds.
The combined purchase represented approximately $23.4 million in market value at the closing price of $80.01 per share. This is consistent with ARK's pattern of increasing positions during periods of significant price weakness.
Cloudflare, which closed at $306.97 on August 11, was added to ARK's Innovation ETF and Fintech Innovation ETF. Cloudflare's work on the x402 protocol and programmable wallets gives it a crypto-adjacent element within ARK's portfolio.