Cathie Wood, the founder of ARK Invest, recently made some adjustments to the holdings of her ETFs. One notable move was the decision to buy shares of Roku, a popular streaming platform. Wood also decided to sell off some of her Tesla holdings.
These changes reflect Wood’s strategy of actively managing her ETFs to capitalize on potential growth opportunities. By buying Roku, she is showing confidence in the company’s future prospects in the streaming industry. On the other hand, selling Tesla could indicate a shift in her outlook on the electric car maker.
Investors closely follow Wood’s moves, as she has a strong track record of identifying innovative companies with high growth potential. With these recent adjustments, she is staying true to her approach of staying ahead of the curve in the ever-evolving market.