Explore the latest developments concerning Cathie Wood’s ARK.
ARK Invest Exits Meta (META) and Roku (ROKU) Positions While Loading Up on Tempus AI
Cathie Wood’s ARK Invest executed a strategic portfolio rebalancing on Wednesday, March 25, reducing exposure to Meta and Roku while significantly increasing its position in healthcare artificial intelligence firm Tempus AI.
The investment management firm disposed of 3,578 Meta shares distributed across three distinct funds. Calculated against Wednesday’s closing price, the transaction value reached approximately $2.1 million. Following this divestment, the ARK Innovation ETF maintains a position of roughly 105,000 Meta shares, currently valued near $63 million — representing about 1% of total fund assets.
Meta experienced a tumultuous Wednesday marked by multiple significant developments. A jury delivered a verdict determining that both Meta and Google’s YouTube demonstrated negligence by operating platforms that caused harm to minors in a groundbreaking social media addiction lawsuit. Both technology giants indicated their intention to pursue appeals.
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