Ark Invest Buys $12M SpaceX Shares, Trims Positions in Robinhood and Block
Ark Invest, managed by Cathie Wood, made significant moves in its daily trading report on July 28. The firm purchased $12.2 million worth of SpaceX shares (SPCX), adding to its existing portfolio. This transaction was part of Ark's routine ETF rebalancing activity.
The purchase included 105,108 SpaceX shares spread across multiple exchange-traded funds. At the time, SpaceX stock closed at $116.41, up 2.56% for the day, although it has fallen 29% over the past month.
In addition to the SpaceX buy, Ark also added smaller positions in Bitmine and 3iQ Solana (SOL) Staking ETF, valued at $289,167 and approximately $32,667 respectively. These additions were minor compared to the significant investment in SpaceX.
On the sell side, Ark offloaded positions in Robinhood, Block Inc, and Bullish, worth $4 million, $2.3 million, and $1.6 million respectively.