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2021-08-04
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Cathie Wood Sheds $14.5M In Snapchat Parent, And Piles Up On Etsy, Robinhood
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The popular investment firm also holds a position in Etsy via ARKW.</p>\n<p>Ahead of Tuesday’s trade, the two ETFs together held 523,086 shares, worth $98.8 million in Etsy.</p>\n<p>The investment firm, known for its position on<b>Coinbase Global Inc</b>(NASDAQ:COIN), also pumped in money to buy 89,622 shares, estimated to be worth about $4.19 million, in<b>Robinhood Markets Inc</b>(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.</p>\n<p>Robinhood shares closed 24.2% higher at $46.80 on Tuesday.</p>\n<p>Both ARKF and ARKW held about 1.55 million shares, worth $58.26 million in Robinhood ahead of Tuesday’s trade.</p>\n<p>Some of the other key Ark Invest sells on Tuesday included<b>BYD Co</b>(OTC:BYDDF) and<b>TencentHoldings</b>(OTC:TCEHY) and buys included<b>Markforged Holding Corp</b>(NYSE:MKFG).</p>\n<p>Last month, Benzinga broke back-to-back exclusive news on $WISA, and Benzinga Pro users got to see it<i>FIRST</i>.</p>\n<p>After Benzinga broke news of $WISA’s launch of its SoundSend Certification Program, the stock rose<b>$23.28%.</b>On Thursday, it rose<b>41.20%</b>after exclusive breaking news on the launch of $WISA’s Amazon storefront.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Sheds $14.5M In Snapchat Parent, And Piles Up On Etsy, Robinhood\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-08-04 19:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Cathie Wood</b>-led<b>Ark Invest</b>on Tuesday shed nearly 12.6% of its stake in<b><a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a></b>(NYSE:SNAP), continuing the investment firm’s months-long selling spree in the Snapchat parent.</p>\n<p>Ark Invest sold 198,442 shares, estimated to be worth about $14.56 million, in Snap via the<b>Ark Fintech Innovation ETF</b>(NYSE:ARKF).</p>\n<p>Shares of the social media company closed 0.16% lower at $73.38 on Tuesday.</p>\n<p>Wood’s firm also holds a position in the social-media company which competes with<b>FacebookInc’s</b>(NASDAQ:FB) photo-sharing app Instagram, via the<b>Ark Next Generation Internet ETF</b>(NYSE:ARKW).</p>\n<p>Together, the two ETFs held about 1.57 million shares, worth $115.2 million, in Snap ahead of Tuesday’s trade.</p>\n<p>The <a href=\"https://laohu8.com/S/NWY\">New York</a>-based investment firm also snapped up 90,831 shares, worth about $17.3 million, in<b><a href=\"https://laohu8.com/S/ETSY\">Etsy</a> Inc</b>(NASDAQ:ETSY), an e-commerce platform for handmade goods and vintage items, via ARKF.</p>\n<p>Etsy shares closed 0.83% higher at $190.46 on Tuesday.</p>\n<p>This was ARKF’s second straight buy in Etsy. The popular investment firm also holds a position in Etsy via ARKW.</p>\n<p>Ahead of Tuesday’s trade, the two ETFs together held 523,086 shares, worth $98.8 million in Etsy.</p>\n<p>The investment firm, known for its position on<b>Coinbase Global Inc</b>(NASDAQ:COIN), also pumped in money to buy 89,622 shares, estimated to be worth about $4.19 million, in<b>Robinhood Markets Inc</b>(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.</p>\n<p>Robinhood shares closed 24.2% higher at $46.80 on Tuesday.</p>\n<p>Both ARKF and ARKW held about 1.55 million shares, worth $58.26 million in Robinhood ahead of Tuesday’s trade.</p>\n<p>Some of the other key Ark Invest sells on Tuesday included<b>BYD Co</b>(OTC:BYDDF) and<b>TencentHoldings</b>(OTC:TCEHY) and buys included<b>Markforged Holding Corp</b>(NYSE:MKFG).</p>\n<p>Last month, Benzinga broke back-to-back exclusive news on $WISA, and Benzinga Pro users got to see it<i>FIRST</i>.</p>\n<p>After Benzinga broke news of $WISA’s launch of its SoundSend Certification Program, the stock rose<b>$23.28%.</b>On Thursday, it rose<b>41.20%</b>after exclusive breaking news on the launch of $WISA’s Amazon storefront.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116011641","content_text":"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.\nArk Invest sold 198,442 shares, estimated to be worth about $14.56 million, in Snap via theArk Fintech Innovation ETF(NYSE:ARKF).\nShares of the social media company closed 0.16% lower at $73.38 on Tuesday.\nWood’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).\nTogether, the two ETFs held about 1.57 million shares, worth $115.2 million, in Snap ahead of Tuesday’s trade.\nThe 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.\nEtsy shares closed 0.83% higher at $190.46 on Tuesday.\nThis was ARKF’s second straight buy in Etsy. The popular investment firm also holds a position in Etsy via ARKW.\nAhead of Tuesday’s trade, the two ETFs together held 523,086 shares, worth $98.8 million in Etsy.\nThe 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.\nRobinhood shares closed 24.2% higher at $46.80 on Tuesday.\nBoth ARKF and ARKW held about 1.55 million shares, worth $58.26 million in Robinhood ahead of Tuesday’s trade.\nSome of the other key Ark Invest sells on Tuesday includedBYD Co(OTC:BYDDF) andTencentHoldings(OTC:TCEHY) and buys includedMarkforged Holding Corp(NYSE:MKFG).\nLast month, Benzinga broke back-to-back exclusive news on $WISA, and Benzinga Pro users got to see itFIRST.\nAfter 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.","news_type":1},"isVote":1,"tweetType":1,"viewCount":56,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":14,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/890924272"}
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