Cathie Wood Buys Meta, Sells Alphabet. Is She Buying High and Selling Low?
5 Articles
5 Articles
Cathie Wood Buys Meta, Sells Alphabet. Is She Buying High and Selling Low?
Cathie Wood’s ARK Invest just made a portfolio move that begs a question about timing. Her firm bought 43,091 shares of Meta worth roughly $27.9 million across the ARK Innovation and Next Generation Internet ETFs, while selling 84,392 Alphabet shares valued at about $27.8 million through the same funds. The swap comes after META has […]
ARK Investment Management increases Meta holdings, reduces Alphabet stake
ARK's strategic shift highlights a bold bet on Meta's AI potential, challenging prevailing market views and signaling confidence in innovation.
Why is Cathie Wood buying Meta stock and selling Alphabet shares?
Cathie Wood-led ARK Invest made a notable rotation within its technology portfolio, buying the Facebook parent while reducing its position in Alphabet.ARK Invest purchased 38,304 Meta shares through its ARKK ETF, worth about $24.8 million, according to the firm's website. It also bought another 4,787 shares through its ARKW ETF, valued at about $3.1 million.At the same time, the investment firm sold 72,803 Alphabet shares worth roughly $24 milli…
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