Movements in Cathie Wood’s investment portfolio
Ark Investment Management, led by Cathie Wood, bought 3,182 shares, with an estimated value of about $ 1.6 million, in the video streaming company Netflix Inc (NASDAQ: NFLX ), whose shares were trading lower. .
Netflix shares, which fell as much as 1% on Tuesday, closed 0.74% lower at $ 499.08 at the end of the trading day.
The investment firm owns the company’s shares through its Ark Space Exploration & Innovation ETF (BATS: ARKX) and also through ARK Next (LON: NXT ) Generation Internet ETF (NYSE: ARKW).
ARKX and ARKW jointly owned 149,701 shares worth about $ 75.27 million on Netflix before trading on Wednesday.
Also read: Cathie Wood buys $ 42M more in Twitter shares
The popular investment management firm sold 71,584 shares worth approximately $ 14.88 million on NXP Semiconductors NV (NASDAQ: NXPI), on a day in which the shares of the Dutch semiconductor company closed 1.6 % down at $ 207.91.
Ark owned the shares of the company through the Ark Autonomous Technology & Robotics ETF (BATS: ARKQ). No other Ark ETFs hold shares in the company.
NXP Semiconductors is among the chipmakers that are being hit by a chip shortage that has left automotive and electronics manufacturers around the world almost out of supplies.
ARKQ owned 526,985 shares worth approximately $ 111.42 million in NXP Semiconductors prior to trading on Wednesday. Ark Invest last sold shares of NXP Semiconductors on March 27.
Another notable Ark Invest sale on Tuesday was Pinduoduo Inc (NASDAQ: PDD). Among the most notable purchases were Vuzix Corp (NASDAQ: VUZI) and SPAC Jaws Spitfire Acquisition Corp (NYSE: SPFR).