Cathie Wood’s ARK Invest ETFs (exchange-traded funds) disclosed their daily ETF trades for Tuesday, February 3. The firm added to crypto-linked and digital platform stocks, while trimming positions in consumer and travel-related companies.
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Which Stocks Did ARK Buy on February 3?
On the buying side, ARK added 125,218 shares of Bullish (BLSH) through its ARK Innovation ETF (ARKK) and ARK Fintech Innovation ETF (ARKF), continuing to build its stake in the crypto exchange firm.
At the same time, the firm increased its stake in Roblox (RBLX), purchasing 120,812 shares worth about $8.15 million via the ARK Innovation ETF (ARKK) and the ARK Next Generation Internet ETF (ARKW), signaling steady confidence in the online gaming platform.
Meanwhile, ARK increased its exposure to crypto-related assets. The firm bought about $3.3 million worth of Bitmine Immersion Technologies (BMNR), added roughly $756,000 to the ARK 21Shares Bitcoin ETF (ARKB), and purchased around $8.1 million in Robinhood Markets (HOOD).
Which Stocks Did ARK Sell?
On the sell-side, ARK made a sharp cut to DraftKings (DKNG), a sports betting company, unloading 785,490 shares for about $21.5 million, extending a recent trimming trend.
At the same time, the firm reduced its stake in Airbnb (ABNB), selling 166,217 shares worth about $21.8 million across its ARKK and ARKW ETFs. Airbnb operates an online platform for short-term home rentals and travel stays.
Let’s see how all of these stocks perform using the TipRanks Stock Comparison Tool.
