Cathie Wood’s Innovation -oriented Ark Invest has sold a large number of shares in different companies to load one large technical shares.
Data from Cathiesark.com, who follows the stock ownership and transactions of the investment firm, to show That Ark Invest sold for $ 6.3 million to Top US Crypto Exchange Coinbase (Coin) on 10 July.
The company also sold for $ 5.6 million to Handelsapp -Giant Robinhood on July 10 and $ 8.5 million in streaming platform Roku (Roku) between July 10 and July 11.
Other recent large ARK investment sales include $ 1.8 million in electric aircraft maker Archer Aviation (Archr) on July 11 and $ 8.3 million in digital payments Company Square (XYC) between July 9 and July 10.
In the midst of the large turnover, Ark Invest bought no less than $ 14.2 million from the Tesla (TSLA) manufacturer on 11 July.
The top of Ark Invest is Coinbase at $ 881.4 million, while Tesla is in second place at $ 865.1 million.
The third largest company in Ark Invest is in Roku at $ 674.4 million, followed by Robinhood at $ 636.1 million.
Ark CEO Cathie Wood said this month in a CNBC interview that the stock market will probably enter a strong bull run, while it predicts an American economic recovery once the Fed has lowered the rates.
“We have a wall of worries. Many people expected rates and wars and the controversy between the Fed and the president to really shake the markets.
And of course there has been some volatility. But these are the types of bull markets that I think are the most durable when the market climbs through all that controversy. It really indicates something. And I think the things that signal are: interest rates probably come down … We go from a rolling recession to a recovery. “
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Featured image: Shutterstock/Redhinestudio/Stockstyle