Cathie Wood Watch: Ark Buys Roblox and Roku, Sells Spotify


The outstanding investor Cathie Wood traded acquainted names on June 7, shopping for shares of an internet videogame platform and promoting an e-commerce firm.

All the valuations under are as of Tuesday’s shut.

Ark funds bought 422,638 shares of the videogame platform Roblox  (RBLX) – Get Roblox Corporation Class A Report valued at $13.3 million. The inventory has dropped 67% yr to this point.

Ark Innovation ETF  (ARKK) – Get ARK Innovation ETF Report snagged 58,844 shares of Roku  (ROKU) – Get Roku Inc. Report, a video-streaming service, valued at $5.5 million. The inventory has tumbled 56% this yr.