Ark Invest Rebalances Portfolio, Acquiring Pinterest and Divesting Robinhood and Roku
Cathie Wood’s Ark Invest has recently made significant portfolio adjustments, notably purchasing shares in Pinterest valued at $17.2 million. This strategic move comes in the wake of a 21% dip in Pinterest's stock value. Concurrently, Ark Invest has divested its holdings in Robinhood and Roku stocks as part of a broader effort to rebalance its investment portfolio.