April 9 - Cathie Wood's ARK Invest (ARKK, Financial) made notable adjustments to its portfolios on Tuesday, with key moves in NVIDIA Corp (NVDA, Financial) and UiPath Inc (PATH, Financial).
The firm added a substantial 188,980 shares of NVIDIA, valued at approximately $18.5 million. This marked the largest trade of the day, signaling ARK's growing confidence in the semiconductor leader amid a strong market outlook for tech.
At the same time, ARK significantly reduced its stake in UiPath, selling 1.6 million shares across three ETFs, totaling about $15.9 million. This marks a continued downtrend in the firm's holdings in the automation software company, reflecting a shift in its investment strategy.
In other activity, ARK increased its position in Amazon.com Inc (AMZN, Financial), purchasing 33,746 shares worth $5.9 million. The firm has been steadily adding to its Amazon holdings in recent days.
ARK also bought 31,730 shares of Coinbase Global Inc (COIN, Financial), valued at nearly $5 million, reaffirming its bullish stance on the cryptocurrency exchange. Additionally, it acquired 42,785 shares of GitLab Inc (GTLB, Financial), further diversifying its tech portfolio.
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