Cathie Wood-led ARK Investment Management sold 85,337 shares of financial services company Robinhood Markets Inc at an estimated valuation of over $888,000, based on Tuesday's closing price.
Cathie Wood, CEO of Ark Investment Management, said that cryptocurrency assets will see a significant turnaround this year. What Happened: Wood explained that inflation rates are falling and the Federal Reserve has recognized this trend, which "suggests that the Fed should pivot soon."
The competition could be paying the price in 2023 if Ark Invest can keep up with its early performance at the start of the year. After beating the S&P 500 and many ETFs for years, Ark Invest -- led by Cathie Wood -- saw its ETFs drop significantly in 2022. Here's a look at what's happening in 2023 and what could be next.
Cathie Wood's Ark Investment Management has resumed selling its shares of JD.com Inc for the first time since July 2022. On Thursday, the Ark Fintech Innovation ETF sold 6,645 American Depository Receipts of JD.com, reports Bloomberg. JD.com's ADRs have risen about 80% since their lows in October 2022, compared to an over 100% increase in sector bellwether Tencent Holdings Ltd.'s U.S. listing.
Star stock picker Cathie Wood's Ark Invest sold 403,990 shares of embattled crypto-focused bank Silvergate Capital Corp (SI) on Thursday as shares in the firm plunged more than 40%, according to disclosures by Ark Invest.
Cathie Wood-led ARK Investment Management bought 172,276 shares of cryptocurrency exchange platform Coinbase Global Inc at an estimated valuation of over $5.7 million based on Thursday's closing price. The purchase was done via the ARK Fintech Innovation ETF, in which Coinbase is the third largest holding, and the ARK Next Generation Internet ETF that has the company as its eighth largest holding.
As Tesla shares continued to rally for the second day, Cathie Wood-led ARK Investment Management bought 22,514 shares of the EV-maker at an estimated valuation of over $2.74 million. What Happened: Shares of Tesla ended 8.08% higher on Thursday.
On a day Tesla Inc stock dropped to over two-year lows, Cathie Wood's ARK Investment Management took the opportunity to load up on the EV maker's shares, displaying its unflinching trust in the company. ARK's flagship fund, the ARK Innovation ETF , bought 25,147 shares of the company at an estimated valuation of about $2.7 million.
Tesla, Inc. stock sell-off did not deter at least one of the electric vehicle maker's staunchest supporters, who went on to amass the stock. What Happened: Cathie Wood-run Ark Invest's Ark Innovation ETF bought 20,458 Tesla shares on Friday, the firm's daily trade disclosure showed.
Cathie Wood-led ARK Investment Management has bought 23,509 shares of cryptocurrency trading platform Coinbase Global Inc at an estimated valuation of over $800,000. The purchase, which was done via the ARK Fintech Innovation ETF , comes at a time when the stock is hitting new all-time lows since the company went public last year.
ETF fund manager Cathie Wood is known for investing in growth stocks and what she has labeled as "innovation." A take by the fund manager drew criticism from a hedge fund manager. What Happened: Ark Invest CEO Cathie Wood is known for putting high forward-looking price targets on names she believed will see growth from innovation in the future.
Cryptocurrency trading platform Coinbase Global Inc has seen its share price crater with the volatility of the sector. What Happened: Coinbase shares are hitting all-time lows in mid-December as the fallout continued from the bankruptcy of cryptocurrency trading platform FTX.
Leading financial media outlet Benzinga hosted its annual Global Fintech Deal Day & Awards Thursday at Pier Sixty in New York City. Here's a look at the annual event and the 2022 award winners. Benzinga Global Fintech Awards: Each year, Benzinga honors the top companies in the fintech sector that are building the future of financial services and capital markets.
Cryptocurrency platform Coinbase Global Inc had one of the biggest public listings of all time. What Happened: Coinbase went public on April 14, 2021. Many analysts believed in a long-term success story for Coinbase. Ark Funds CEO Cathie Wood is a bull on the cryptocurrency platform and added shares of Coinbase to several of the company's ETFs in recent months.
Ark Invest CEO Cathie Wood is one of the most well-known names in the world of stocks and investing. Here's a look at how much a small investment in the leading cryptocurrency could return if her big target price is reached. What Happened: Wood has thrown out price targets of $400,000 and $500,000 for Bitcoin.
Cathie Wood-led ARK Investment Management bought over 3,800 shares of Tesla Inc on Wednesday at an estimated valuation of over $700,000 based on Wednesday's closing price. Wood's funds loaded up on Tesla last week after the stock faced intense selling pressure.
Cathie Wood-led ARK Investment Management bought over 85,000 shares of Jack Dorsey-owned Block Inc at an estimated valuation of over $5 million, based on Tuesday's closing price. The purchase was done via the ARK Innovation ETF and the ARK Next Generation Internet ETF. The ARK Innovation ETF holds a significant stake in Coinbase Global Inc as well.
Cathie Wood-led ARK Investment Management bought over 26,000 shares of Twilio Inc via two of the company's exchange-traded funds at an estimated cost of over $2 million, based on Tuesday's closing price.
ARK Investment Management bought over 10,000 shares in cryptocurrency exchange platform Coinbase Global Inc. at a valuation of over $2.2 million, based on Monday's closing price. What Happened: The purchase by the Cathie Wood-led company was done via the ARK Fintech Innovation ETF in which Coinbase is the third largest holding with a weight of 7.96%, according to data on the company's website.
Ark Invest has been a big investor in electric vehicle leader Tesla Inc and its CEO Elon Musk. What Happened: Ark Invest and founder Cathie Wood have been bullish on Tesla for years, with Wood famously giving a price target that was higher than her peers which was eventually reached.
Elon Musk submitted a new proposal to acquire social media platform Twitter Inc. An analyst at Ark Invest weighed in with his thoughts on the news. What Happened: Musk, the CEO of Tesla Inc, announced a new proposal to acquire Twitter for $54.20 per share, in line with a previous acquisition attempt that he walked away from.
After a horrible 2021 for Cathie Wood, the ARK Innovation ETF is down another 59.1% in 2022. High-growth tech stocks have taken a beating as interest rates have spiked, sending ARK Invest ETFs plummeting.
Roku Inc. stock has struggled over the last year with shares down over 80%. Ark Invest, led by Cathie Wood, remains heavily invested in the streaming platform and hardware maker. The stock could be a big winner by the year 2026, Wood says.
Here is a look at the 25 best and 25 worst ETFs from the past week. Traders can use this list to find prospective candidates that have deviated too far from their longer-term trends, thereby serving as potential starting points for those looking to take on either short or long positions.
Likewise, traders can also use this list to spot potential trend reversal opportunities that may offer a generous risk/reward. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques.
To get access to all ETF Database premium content, sign up for a free 14-day trial to ETF Database Pro.
While 2022’s broad market selloff was led by tech, January has in turn been a strong performance month for disruptive technology-focused ARK Invest and its suite of ETFs. The firm’s ARK Innovation Fund (ARKK B+) had its best single month of performance in January, returning 30% according to VettaFi. The fund was joined by its sibling strategies, the ARK Next Generation ETF (ARKW C+) and the ARK Fintech ETF (ARKF B-), in the 10 top-performing ETFs for the last week.
Times are tough right now, but the U.S. consumer is feeling a bit better this month with the U.S. Index of Consumer Sentiment hitting its highest point since last April. Add in news on Wednesday that e-commerce firm Shopify (SHOP) would up prices for its plans and an analyst’s assessment that the firm has dry powder for M&A, and there may be a solid case for investors to track an active fintech ETF like the ARK Fintech Innovation ETF (ARKF B-).
Has springtime come early in the world of crypto? The world’s most recognizable digital asset, bitcoin, has spiked 12% over the last five days and 26% over one month after dropping 50% over one year. Bitcoin rebounding reinvigorates the investment case for a digital asset and fintech platform like Coinbase (COIN), which investors can keep an eye on in an active fintech ETF like ARK Invest’s ARK Fintech Innovation ETF (ARKF B-).
Let’s face it – it’s tough to be in crypto right now. While the broader market has been pummeled by challenges like inflation and rising rates, the crypto industry, already in a crypto winter, has suffered some high-profile scandals and setbacks. That doesn’t mean there isn’t a role for crypto in future portfolios, and crypto engineers are still finding ways to innovate – with one possible case for Bitcoin optimism found, surprisingly, in methane emissions.
You wouldn’t blame investors for being scared of the crypto world right now. The FTX drama that’s all over social media may be the finance story of the year, not an easy feat in a volatile 2022. If those investors look past the Byzantine (Bahamian) palace drama and Enron comparisons, they can find a Coinbase (COIN) ETF in Cathie Wood’s ARK Fintech Innovation ETF (ARKF) buying the stock that may be poised to come out of this crisis as a sober option for the crypto-curious.
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Best & Worst Monthly Performers: February 1 Edition
ETF Database - 02/01/2023Here is a look at the 25 best and 25 worst ETFs from the past week. Traders can use this list to find prospective candidates that have deviated too far from their longer-term trends, thereby serving as potential starting points for those looking to take on either short or long positions. Likewise, traders can also use this list to spot potential trend reversal opportunities that may offer a generous risk/reward. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETF Database premium content, sign up for a free 14-day trial to ETF Database Pro.
Strong January for ARK Sees 3 Top-Performing ETFs
ETF Database - 01/30/2023While 2022’s broad market selloff was led by tech, January has in turn been a strong performance month for disruptive technology-focused ARK Invest and its suite of ETFs. The firm’s ARK Innovation Fund (ARKK B+) had its best single month of performance in January, returning 30% according to VettaFi. The fund was joined by its sibling strategies, the ARK Next Generation ETF (ARKW C+) and the ARK Fintech ETF (ARKF B-), in the 10 top-performing ETFs for the last week.
Shopify M&A Capacity Boosts ARKF
ETF Database - 01/25/2023Times are tough right now, but the U.S. consumer is feeling a bit better this month with the U.S. Index of Consumer Sentiment hitting its highest point since last April. Add in news on Wednesday that e-commerce firm Shopify (SHOP) would up prices for its plans and an analyst’s assessment that the firm has dry powder for M&A, and there may be a solid case for investors to track an active fintech ETF like the ARK Fintech Innovation ETF (ARKF B-).
With Active Fintech ETF ARKF Ride COIN Rebound
ETF Database - 01/17/2023Has springtime come early in the world of crypto? The world’s most recognizable digital asset, bitcoin, has spiked 12% over the last five days and 26% over one month after dropping 50% over one year. Bitcoin rebounding reinvigorates the investment case for a digital asset and fintech platform like Coinbase (COIN), which investors can keep an eye on in an active fintech ETF like ARK Invest’s ARK Fintech Innovation ETF (ARKF B-).
The Methane Case for Bitcoin Optimism
ETF Database - 01/04/2023Let’s face it – it’s tough to be in crypto right now. While the broader market has been pummeled by challenges like inflation and rising rates, the crypto industry, already in a crypto winter, has suffered some high-profile scandals and setbacks. That doesn’t mean there isn’t a role for crypto in future portfolios, and crypto engineers are still finding ways to innovate – with one possible case for Bitcoin optimism found, surprisingly, in methane emissions.
The ETF Case for Coinbase in ARKF
ETF Database - 11/17/2022You wouldn’t blame investors for being scared of the crypto world right now. The FTX drama that’s all over social media may be the finance story of the year, not an easy feat in a volatile 2022. If those investors look past the Byzantine (Bahamian) palace drama and Enron comparisons, they can find a Coinbase (COIN) ETF in Cathie Wood’s ARK Fintech Innovation ETF (ARKF) buying the stock that may be poised to come out of this crisis as a sober option for the crypto-curious.