Cathie Wood’s Ark Invest Buys Over $25M Worth Of Roku Shares Amid Dip — Sells Crypto-Related Coinbase, Robinhood Stocks
In a significant move on Tuesday, Cathie Wood-led Ark Invest made headlines by purchasing shares of Roku Inc (NASDAQ:ROKU) worth more than $25 million. This strategic acquisition comes amid a tumultuous period for Roku. The Roku Trade On Tuesday, Ark Invest purchased 383,483 shares across ARK Innovation ETF (NYSE:ARKK), ARK Next Generation Internet ETF (NYSE:ARKW), and Ark Fintech Innovation ETF (NYSE:ARKF). The transaction was valued at $25.8 million. Roku shares closed 6.6% lower at $67.25 for the day. Ark Invest’s substantial investment in Roku underscores a strong belief in the company’s l…
