Cathie Wood’s ARK ETFs have reported their daily trades for Monday, October 14th, 2024, with notable activity across several holdings. Leading the day’s transactions was a significant sale of Robinhood Markets Inc (NASDAQ:) shares, continuing a recent trend of reducing exposure to the brokerage firm. ARK’s various funds sold a combined total of 210,374 shares of Robinhood, valued at approximately $5,526,525.
This move follows a pattern of sales from the previous week, suggesting a strategic shift away from Robinhood by ARK. On Friday, October 11th, ARK sold 178,658 shares, and on Tuesday, October 8th, a substantial 1,421,431 shares were offloaded, marking a consistent sell-off of the stock.
In contrast, ARK showed increased interest in the semiconductor sector by purchasing 2,400 shares of Advanced Micro Devices Inc (NASDAQ:), with a total dollar value of $402,935. This acquisition…
