Cathie Wood-led Ark Invest on Tuesday shed nearly 12.6% of its stake in $Snap Inc(SNAP.US)$ , continuing the investment firm’s months-long selling spree in the Snapchat parent.
Ark Invest sold 198,442 shares, estimated to be worth about $14.56 million, in Snap via the $ARK Fintech Innovation ETF(ARKF.US)$.
Shares of the social media company closed 0.16% lower at $73.38 on Tuesday.
Wood’s firm also holds a position in the social-media company which competes with $Facebook Inc(FB.US)$ photo-sharing app Instagram, via the $ARK Next Generation Internet ETF(ARKW.US)$.
Together, the two ETFs held about 1.57 million shares, worth $115.2 million, in Snap ahead of Tuesday’s trade.
The New York-based investment firm also snapped up 90,831 shares, worth about $17.3 million, in $Etsy Inc(ETSY.US)$, an e-commerce platform faor handmade goods and vintage items, via ARKF.
Etsy shares closed 0.83% higher at $190.46 on Tuesday.
This was ARKF’s second straight buy in Etsy. The popular investment firm also holds a position in Etsy via ARKW.
Ahead of Tuesday’s trade, the two ETFs together held 523,086 shares, worth $98.8 million in Etsy.
The investment firm, known for its position on $Coinbase Global, Inc.(COIN.US)$, also pumped in money to buy 89,622 shares, estimated to be worth about $4.19 million, in $Robinhood Markets, Inc.(HOOD.US)$, as the shares of the company rocketed to blow past the $38 initial public offer pricing for the first time since the listing last week.
Robinhood shares closed 24.2% higher at $46.80 on Tuesday.
Both ARKF and ARKW held about 1.55 million shares, worth $58.26 million in Robinhood ahead of Tuesday’s trade.
Some of the other key Ark Invest sells on Tuesday included $BYD Co.(BYDDF.US)$ and $TENCENT HLD ADR(TCEHY.US)$ and buys included $Markforged Holding Corp(MKFG.US)$.
Source: ARK Trading