Cathie Wood's Ark Invest Adjusts Portfolio Holdings with Major Sales

Monday, 4 March 2024, 09:26

Ark Invest, led by Cathie Wood, made significant moves by offloading $45 million worth of Coinbase shares and $11.4 million of Robinhood shares amidst portfolio rebalancing efforts. The sales indicate a strategic shift in the firm's fund weightings, reflecting the current market environment.
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Cathie Wood's Ark Invest Adjusts Portfolio Holdings with Major Sales

Ark Invest Adjusts Portfolio Holdings

Ark Invest, under the leadership of Cathie Wood, sold $45 million worth of Coinbase shares and $11.4 million of Robinhood shares.

Fund Rebalancing Amid Price Surge

This move was part of the firm's effort to rebalance its fund weightings in response to the recent surge in prices in the market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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