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Tue, January 28, 2025
[ Tue, Jan 28th 2025 ]: MSN
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Cathie Wood's ARK ETFs shuffle tech and biotech stocks

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.

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