On Monday, Cathie Wood, the chief executive of Ark Investment Management, purchased shares of an Israeli software company.
Ark purchased an online securities brokerage and an online sports gambling business. Wood sold an electric vehicle company and an industrial technology company.
As of Mondays close, all valuations below are correct.
ARK Next Generation Internet ETF Reportsnagged 25,566 shares of Tel Aviv-based Monday.com (MNDY) - Get Monday.com Ltd. Report, a project management software company, valued at $3.4 million. The stock has decreased 30% since early November. Wood has said that the drop of technology stocks has paved more prospects for her.
Get Robinhood Markets, Inc. Class A Report, a $2.8 million investment, made by Ark Fintech Innovation ETF (ARKF) for the second half of this year.
Ark Fintech snatched 189,451 shares of DraftKings'' online sports gambling platform Class A report, valued at $2.8 million. DraftKings'' stock has slowed by 45% year previously.
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Teradyne, Inc. Report, an automated test equipment manufacturer, has bought 31,946 shares by Ark funds. The stock has dropped by 34% this year.
Ark Next Generation sold 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 her Tesla sales merely represent profit-taking and that she still believes in the company.
Get ARK Innovation ETF Report. Tesla stock climbed 4% Monday, but has lost 25% year to date.
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 about two-thirds since August.
Ark Innovation Performance
Ark Innovation has dropped 88 percent so far this year due to a decline in technology stocks, down 69 percent from its peak in February 2021.
According to Morningstar, Wood has taken off the descent, saying that she has spent five years studying the investment. Ark Innovation has outperform the S&P 500 in the last five years. As of May 2, the ETF had a total return of 16.45%, compared to 13.72% for the S&P 500.
Investors believe Wood hasn''t gotten a chance. According to Bloomberg, Ark Innovation saw an investment inflow of $790 million per year.