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Cathie Wood's Ark Invest Sheds Another $35M In Square, Snaps $19M in Roku

Benzinga2021-08-09

Cathie Wood-led Ark Invest on Friday shed another 127,800 shares, estimated to be worth about $35.16 million, in Square, booking more profits as the stock recorded a 10% weekly gain.

SQ shares closed 2.38% lower at $275.10 on Friday but surged 11.3% in the week after a solid earnings beat. The Jack Dorsey-led financial services and digital payment company said it had agreed to purchase buy-now, pay-later company Afterpay Ltd. in an all-stock deal valued at $29 billion.

Ark Invest deployed both ARK Innovation ETF to sell Square shares on Friday. The investment firm also holds a position in Square via the ARK Next Generation Internet ETF and the ARK Fintech Innovation ETF .

Together, the three ETFs held about 6.57 million shares, worth $1.85 billion, in Square ahead of Friday’s trade. A week ago, just before the shares surged, Ark Invest held over 7 million shares, worth $1.74 billionin Square.

The New York-based investment management firm also bought 48,880 shares, estimated to be worth about $19.14 million, in Roku Inc, on the dip — the second straight buy after three months of selling its positions in the streaming media player.

Roku shares closed 2.98% lower at $391.47 on Friday.

Ark Invest deployed ARKK to buy shares in the San Jose, California-based company on Friday and also holds positions via the ARK Next Generation Internet ETF.

Together the two ETFs held 3.87 million, worth $1.56 billion, in Roku ahead of Friday’s trade.

Some of the other key Ark Invest buys on Friday included UiPath and sells included Signify Health, Inc..

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评论17

  • 66大顺爷
    ·2021-08-12
    Roku any idea?
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  • TeslaMoon
    ·2021-08-10
    This is crazy
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  • ggggigi
    ·2021-08-09
    i invested in both etfs bc i believe in cathie wood 
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  • MIe
    ·2021-08-09
    Ark etf with roku and square strong for portfolio appreciation #
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  • 26629536
    ·2021-08-09
    Great
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    收起
    • 26629536
      [Smile]
      2021-08-16
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    • 26629536
      [Smile]
      2021-08-18
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  • Tchwee56
    ·2021-08-09
    ARKK still a good investment? Please share your thoughts on this. 
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    • ggggigi
      i would think yes, it has a good track record and a reliable analyst managing the fund aka cathie wood
      2021-08-09
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  • Sogon
    ·2021-08-09
    So I should take profit from Square? Hmmm
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    • chiapopo
      Oh yes..
      2021-08-09
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    • ZEROHERO
      Good to scale out profits gradually
      2021-08-09
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  • Soksok
    ·2021-08-09
    Good 
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    • ykang
      [强]
      2021-08-09
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  • Mikaelocw
    ·2021-08-09
    Comment and like ya
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    • 26629536
      Ok
      2021-08-09
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    • gorgonzola
      done. plse like back. thanks!
      2021-08-09
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  • HENRYCSC
    ·2021-08-09
    👍 
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    • Soksok
      Good
      2021-08-09
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  • heyjules
    ·2021-08-09
    Like for likes
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    • gorgonzola
      done. plse like back. thanks!
      2021-08-09
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    • Bliang
      A
      2021-08-09
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  • 7134fa9a
    ·2021-08-09
    Likee
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    • Shhui
      Liked
      2021-08-09
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  • Janetkaneki
    ·2021-08-09
    Likes
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  • Oyh
    ·2021-08-09
    👍🏼👍🏼👍🏼
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    • Oyh
      👍🏼
      2021-08-09
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    • 4f2bc31
      Ok
      2021-08-09
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  • Ku9787
    ·2021-08-09
    Wow
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    • yingyingzoe
      Nice jidt follow!
      2021-08-09
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  • BellaEng
    ·2021-08-09
    Selling
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    • Boonseong
      [财迷]
      2021-08-09
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  • Cash88
    ·2021-08-09
    Comment and like
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    • EC7795
      sure
      2021-08-09
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    • Ku9787
      ok
      2021-08-09
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    • Kukudosmin
      Ok
      2021-08-09
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