Ark Buys Israel Software Company Shares, According to Cathie Wood Watch

Ark Buys Israel Software Company Shares, According to Cathie Wood Watch ...

On Monday, Cathie Wood, the managing director of Ark Investment Management, bought the shares of an Israeli software company.

Ark purchased an online securities brokerage and an online sports gambling company. Wood sold an electric vehicle business and an industrial technology company.

As of Mondays close, all valuations below are revealed.

Get ARK Next Generation Internet ETF Reportsnagged 25,566 shares of Tel Aviv-based Monday.com (MNDY) - A project management software company, the stock has dropped 30% since early November. Wood has said that the decline of technology stocks has created buying opportunities for her.

Get Robinhood Markets, Inc. Class A Report, a $2.8 million company, has dropped by 41 percent this year, after a user loss in the second half of last year.

DraftKings has purchased a lot.

Ark Fintech snatched 189,451 shares of DraftKings, an online sports gambling platform, according to a Class A report from DraftKings Inc., valued at $2.8 million. DraftKings shares have dropped 45% year on year.

TheStreet Recommends

Elon Musk''''s Promise to Ukraine Bears Fruit

Rivian has news that might suscite investor concern.

Stock Market Today - 5/3: Stocks Mixed As Fed Rate Hike Bets; Treasury Yields Ease

Ark funds bought 31,946 shares of Teradyne (TER) - Get Teradyne, Inc. Report, an automated test equipment manufacturer, valued at $3.5 million. The stock has dropped 34% so far this year.

Ark Next Generation pumped 7,146 shares of electric vehicle titan Tesla (TSLA) - Get Tesla Inc Report, valued at $6.5 million. Wood has said in the past that Tesla sales merely represent profit-taking and that she still believes in the company.

Get a ARK Innovation ETF Report. Tesla stock climbed 4% Monday, but has lost 25% year on year.

Finally, Ark Autonomous Technology & Robotics ETF (ARKQ) - Get ARK Autonomous Technology & Robotics ETF Reportdumped 39,994 shares of industrial technology company Trimble (TRMB) - Get Trimble Inc. Report, valued at $2.7 million. The stock has dropped two-thirds since August.

Performance in Ark Innovation

Ark Innovation has dropped by 48 percent this year due to a drop in technology stocks and is down 69 percent from its peak in February 2021.

According to Morningstar, Wood has focused on spending five years, surpassing the S&P 500 by annualized total return of 16.45% during that period. As of May 2, the ETF had a combined return of 16.42 percent, compared to 13.72% for the S&P 500.

Investors have apparently not given up on Wood. Ark Innovation saw an investment inflow of $790 million on Friday (April 29) according to Bloomberg.

You may also like: