Cathie Wood’s ARK ETF has made significant adjustments to its portfolio, notably selling 228,943 shares of Qualcomm Inc for over $31 million, continuing a trend of reducing its stake in the company. Concurrently, ARK made a substantial investment in Broadcom Inc, acquiring 87,148 shares worth over $27 million across its ARKQ and ARKW ETFs. The firm also increased its holdings in Alphabet Inc and Bullish, while decreasing its exposure to Coinbase Global Inc.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Cathie Wood’s ARK sells Qualcomm stock, buys Broadcom
Cathie Wood’s ARK ETF has made significant adjustments to its portfolio, notably selling 228,943 shares of Qualcomm Inc for over $31 million, continuing a trend of reducing its stake in the company. Concurrently, ARK made a substantial investment in Broadcom Inc, acquiring 87,148 shares worth over $27 million across its ARKQ and ARKW ETFs. The firm also increased its holdings in Alphabet Inc and Bullish, while decreasing its exposure to Coinbase Global Inc.