ARK Investment Shakes Up Portfolio with Key Trades in Meta and Intellia

Published 3 hours agoNTLA

ARK Investment Shakes Up Portfolio with Key Trades in Meta and Intellia

ARK Investment Management, led by Cathie Wood, has recently made significant changes to its holdings by reducing its stake in Meta Platforms Inc. ARK's Innovation ETF sold a total of 14,755 shares of Meta on March 17 and 18, marking the first sale of Meta stock by ARK in nearly a year. This reduction highlights a possible shift in ARK's investment strategy.

Simultaneously, ARK has increased its investment in Intellia Therapeutics Inc., purchasing 68,441 shares worth approximately $1.26 million on March 18 across its ARKK and ARKG ETFs. According to Webull, this move underscores ARK's ongoing commitment to companies with potential in advanced gene-editing technologies.

These trading activities suggest a strategic pivot for ARK, emphasizing investments in disruptive technologies over traditional tech sectors. The latest transactions reveal that ARK may be aligning its portfolio towards next-generation innovation, adjusting exposure in well-established tech firms like Meta.

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