Pacific

Million

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<p class="has-drop-cap">Cathie Wood’s ARK Innovation ETF (ARKK) had an active week of <a href="https://cathiesark.com" target="_blank" aria-label="trading (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">trading</a>, with a mix of buying and selling across various holdings. The <a href="https://tokenist.com/investing/what-is-an-etf/" rel="dofollow" class="deco-link">ETF</a>, known for its focus on disruptive <a href="https://tokenist.com/three-tech-stocks-that-aim-to-be-leaner-in-2024/" class="deco-link">technology companies</a>, made significant moves in several key positions.</p> 
<h3 id="ark-innovation-etf-purchased-over-500-000-roblox-shares-this-week">ARK Innovation ETF Purchased Over 500,000 Roblox Shares this Week</h3> 
<p>One of the most notable transactions was the purchase of over 500,000 shares of Roblox (NYSE: RBLX) on March 25, representing a 0.2375% increase in the ETF’s holdings.&nbsp;</p> 
<p>The gaming platform has been a popular investment for ARKK, with additional purchases of 21,508 shares on March 26 and 1,845 shares on March 27. Other significant buys included <a href="https://tokenist.com/is-tesla-tsla-still-a-solid-buy-in-2024/" rel="dofollow" class="deco-link">Tesla</a> (NASDAQ: TSLA), with 133,334 shares added on March 25, and Recursion Pharmaceuticals (NASDAQ: RXRX), with 609,626 shares purchased on March 26.</p> 
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<h3 id="ark-innovation-etf-sold-over-1-24-million-robinhood-shares-this-week">ARK Innovation ETF Sold Over 1.24 Million Robinhood Shares this Week</h3> 
<p>However, the ETF also made some substantial sales during the week. <a href="https://tokenist.com/investing/robinhood-review/" rel="dofollow" class="deco-link">Robinhood Markets</a> (NASDAQ: HOOD) saw the largest reduction, with 1.247 million shares sold on March 25, representing a 0.3027% decrease in ARKK’s holdings. <br><br>Other notable sells included Zoom Video Communications (NASDAQ: ZM) and <a href="https://tokenist.com/coinbase-rallies-as-bitcoin-hits-ath-nvidia-tumbles-after-lawsuit/" rel="dofollow" class="deco-link">Coinbase Global</a> (NASDAQ: COIN), with 154,601 and 57,652 shares sold, respectively, on March 25. Twilio (NYSE: TWLO) also experienced a sell-off, with 104,425 shares sold on March 22 and an additional 22,835 shares sold on March 25.</p> 
<p>Despite the sales, ARKK continued to invest in several of its key holdings. 10x Genomics (NASDAQ: TXG) saw multiple purchases throughout the week, with 53,886 shares added on March 25, 91,659 shares on March 26, and 26,811 shares on March 27. Twist Bioscience (NASDAQ: TWST) also experienced consistent buying, with purchases made on all three trading days. Other buys included Pacific Biosciences of California (NASDAQ: PACB), Intellia Therapeutics (NASDAQ: NTLA), and Roku (NASDAQ: ROKU).</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/arkks-tech-bets-over-500k-roblox-shares-purchased-1-24m-robinhood-shares-sold/">ARKK’s Tech Bets: Over 500k Roblox Shares Purchased, 1.24M Robinhood Shares Sold</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

ARKK’s Tech Bets: Over 500k Roblox Shares Purchased, 1.24M Robinhood Shares Sold

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