Cathie Wood’s Ark Invest recently added shares of various companies across different sectors. In particular, through its Ark Innovation ETF and Ark Next Generation Internet ETF, Ark purchased shares of Roku, Inc. and Palantir Technologies, Inc. Roku is now the third largest holding in Ark’s flagship ARKK ETF.
Additionally, Ark’s ARK Space Exploration & Innovation ETF acquired shares of Palantir Technologies, Inc. The firm has also been increasing its investment in Teladoc Health, Inc. for the second consecutive day.
In terms of Teladoc’s performance, KeyBanc Capital Markets analyst Scott Schoenhaus expects a mostly in-line quarter, with potential weaknesses in the BetterHelp segment. The analyst also expressed caution about Teladoc’s longer-term prospects due to various challenges in the industry.
Ark Innovation ETF closed Tuesday’s session positively and continued to show growth in premarket trading on Wednesday. Tesla also regained its position as the top holding in Cathie Wood’s flagship fund after over two years.