Stocks
ARK Invest Dumps Alphabet, Buys Meta and Biotech Stocks
Cathie Wood's ARK Invest has made significant trades in various stocks, including Alphabet Inc., Meta Platforms, and Beam Therapeutics.
The firm sold a total of 84,392 shares of Alphabet Inc. across its ARKK and ARKW ETFs, valued at approximately $28.55 million.
This sale marks the continued reduction of ARK's holdings in Alphabet following similar transactions in recent weeks.
ARK made substantial investments in Meta Platforms, acquiring 43,091 shares through its ARKK and ARKW ETFs, with a total dollar value of $26.44 million.