Cathie Wood Sheds $14.5M In Snapchat Parent, And Piles Up On Etsy, Robinhood

Cathie Wood-ledArk Investon Tuesday shed nearly 12.6% of its stake inSnap Inc(NYSE:SNAP), continuing the investment firm’s months-long selling spree in the Snapchat parent.

Ark Invest sold 198,442 shares, estimated to be worth about $14.56 million, in Snap via theArk Fintech Innovation ETF(NYSE:ARKF).

Shares of the social media company closed 0.16% lower at $73.38 on Tuesday.

Wood’s firm also holds a position in the social-media company which competes withFacebookInc’s(NASDAQ:FB) photo-sharing app Instagram, via theArk Next Generation Internet ETF(NYSE:ARKW).

Together, the two ETFs held about 1.57 million shares, worth $115.2 million, in Snap ahead of Tuesday’s trade.

The New York-based investment firm also snapped up 90,831 shares, worth about $17.3 million, inEtsy Inc(NASDAQ:ETSY), an e-commerce platform for handmade goods and vintage items, via ARKF.

Etsy shares closed 0.83% higher at $190.46 on Tuesday.

This was ARKF’s second straight buy in Etsy. The popular investment firm also holds a position in Etsy via ARKW.

Ahead of Tuesday’s trade, the two ETFs together held 523,086 shares, worth $98.8 million in Etsy.

The investment firm, known for its position onCoinbase Global Inc(NASDAQ:COIN), also pumped in money to buy 89,622 shares, estimated to be worth about $4.19 million, inRobinhood Markets Inc(NASDAQ:HOOD), as the shares of the companyrocketedto blow past the $38 initial public offer pricing for the first time since the listing last week.

Robinhood shares closed 24.2% higher at $46.80 on Tuesday.

Both ARKF and ARKW held about 1.55 million shares, worth $58.26 million in Robinhood ahead of Tuesday’s trade.

Some of the other key Ark Invest sells on Tuesday includedBYD Co(OTC:BYDDF) andTencentHoldings(OTC:TCEHY) and buys includedMarkforged Holding Corp(NYSE:MKFG).

Last month, Benzinga broke back-to-back exclusive news on $WISA, and Benzinga Pro users got to see itFIRST.

After Benzinga broke news of $WISA’s launch of its SoundSend Certification Program, the stock rose$23.28%.On Thursday, it rose41.20%after exclusive breaking news on the launch of $WISA’s Amazon storefront.