Cathie Wood’s Ark Invest Keeps Shedding Shopify Nvidia Shares, Loads Up On Spotify Stock

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On Tuesday, Cathie Wood-led Ark Invest made notable trades, with a significant move to offload shares of Shopify Inc (NYSE:SHOP) and Nvidia Corp (NASDAQ:NVDA), while ramping up its position in Spotify Technology SA (NYSE:SPOT). This comes amid recent market dynamics and strategic shifts in Ark’s investment approach. The Shopify Trade: In a strategic move, Ark Invest decided to offload shares of Shopify Inc (NYSE:SHOP) to the tune of $14.3 million. through ARK Innovation ETF (NYSE:ARKK) and ARK Next Generation Internet ETF (NYSE:ARKW). The transaction value was based on the stock’s Tuesday clos…

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