Cathie Wood’s ARK ETF has made some changes to its portfolio recently, trimming its holdings in Robinhood and adding more shares of AMD stock. This move was reported by Investing.com.
The decision to reduce its position in Robinhood comes as the popular trading app faces scrutiny and criticism from regulators and investors. On the other hand, ARK ETF has shown confidence in AMD by increasing its investment in the semiconductor company.
These changes in ARK ETF’s portfolio reflect Cathie Wood’s strategy of actively managing the fund to capitalize on market opportunities and trends. Investors will be watching closely to see how these adjustments impact the performance of the ETF in the coming months.