Cathie Wood's Ark Invest Tweaks Portfolio, Sells $1.8M Worth Of DraftKings Shares
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, sold 61,638 shares of DraftKings Inc (NASDAQ:DKNG), reducing its stake in ARK Next Generation Internet ETF (NYSE:ARKW) by 0.1461%. The transaction was valued at $1.8 million. Ark Invest also bought shares in Cloudflare Inc (NYSE:NET), BEAM Therapeutics Inc (NASDAQ:BEAM), and Markforged Holding Corp (NYSE:MKFG), increasing its stakes in ARKW, ARK Innovation ETF (NYSE:ARKK), ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), and ARK Space Exploration & Innovation ETF (BATS:ARKX) respectively.
September 29, 2023 | 2:19 am
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NEGATIVE IMPACT
Ark Invest's stake in ARKW decreased due to the sale of DraftKings shares.
The reduction in Ark Invest's stake in ARKW due to the sale of DraftKings shares could potentially impact the ETF's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ark Invest sold a significant number of DraftKings shares.
The sale of DraftKings shares by a major investor like Ark Invest could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ark Invest increased its stake in BEAM Therapeutics.
The purchase of additional BEAM Therapeutics shares by Ark Invest could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest increased its stake in Markforged Holding Corp.
The purchase of additional Markforged Holding shares by Ark Invest could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest increased its stake in Cloudflare.
The purchase of additional Cloudflare shares by Ark Invest could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80