Cathie Wood’s Ark Invest sells Block shares to double down on Nvidia

08/09 10:39

According to The Block, Ark Invest, the asset manager founded by Cathie Wood, ditched $20 million worth of Block shares on Monday and loaded up on over $65 million worth of chipmaker Nvidia. Ark Invest sold 235,489 shares in payments provider Block on August 8, all from its flagship Ark Innovation ETF, according to its latest trade filing. The firm instead bought 366,982 shares of Nvidia – 289,229 of which were added to the Ark Innovation ETF, with the remainder added to the Ark Next Generation Internet ETF and the Ark Fintech Innovation ETF.
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