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Wed, January 29, 2025
Tue, January 28, 2025

Cathie Wood's ARK ETFs shuffle tech and biotech stocks


Published on 2025-01-28 22:01:17 - MSN
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  • Cathie Wood's ARK ETFs have made their daily trades for Tuesday, January 28th, 2025, with significant activity across various sectors, particularly in technology and biotech. The trades reflect a strategic adjustment of ARK's portfolio,

Cathie Wood's ARK Investment Management has recently adjusted its portfolio, focusing on tech and biotech sectors. ARK sold off shares in companies like Twilio, Block, and Coinbase, while increasing its stake in others such as Teladoc Health, Beam Therapeutics, and Pacific Biosciences. This reshuffling reflects ARK's strategy to capitalize on emerging trends in genomics, telemedicine, and blockchain technology. Notably, ARK added to its holdings in Exact Sciences, which focuses on cancer diagnostics, and reduced its exposure to some of its previously favored tech stocks. These moves are part of ARK's broader investment philosophy of betting on disruptive innovation, even amidst market volatility.

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[ https://www.msn.com/en-us/money/topstocks/cathie-wood-s-ark-etfs-shuffle-tech-and-biotech-stocks/ar-AA1y1Vyd ]
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