Cathie Wood's ARK makes major moves in Tesla stock, sells Robinhood
In the dynamic world of exchange-traded funds , Cathie Wood's ARK Investment Management continues to make headlines with its daily trades. For Monday, April 1st, 2024, ARK's activity was led by a substantial purchase of Tesla Inc. shares, amounting to a total dollar value of $14,795,188. This move further cements ARK's bullish stance on the electric vehicle giant, as the firm has consistently increased its position in Tesla over recent trading sessions.
ARK's buying spree extended beyond Tesla, with the firm acquiring shares in several other companies. One of the more significant purchases was Datadog Inc, with ARK's ARKW ETF buying 48,159 shares valued at $5,952,452. This purchase aligns with ARK's focus on innovative tech companies poised for growth.) & Security, buying 89,260 shares through its ARKQ and ARKX ETFs, amounting to $1,640,598.
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