Investment star Cathie Wood, chief executive of Ark Investment Management, continues to buy beleaguered technology stocks, as she promised she would.
On Wednesday, Ark exchange-traded funds purchased shares of video-meetings platform Zoom Video Communications (ZM) – Get Zoom Video Communications, Inc. Class A Report, e-commerce titan Shopify (SHOP) – Get Shopify, Inc. Class A Report, video streaming platform Roku (ROKU) – Get Roku, Inc. Class A Report and digital entertainment company Sea Ltd. (SE) – Get Sea Ltd. (Singapore) Report. Ark also sold shares of Disney (DIS) – Get Walt Disney Company Report.
Ark funds bought 82,895 shares of Zoom, valued at $10.1 million as of Wednesday’s close. Ark Next Generation ETF (ARKW) – Get ARK Next Generation Internet ETF Report purchased 18,279 shares of Shopify. That holding was valued at $12.1 million as of Wednesday’s close….
