Cathie Wood Watch: Ark Buys E-Commerce, Sells Payments

Investment manager Cathie Wood, chief executive of Ark Investment Management, was active buying and selling big-name technology stocks on Monday. 

She also continued her foray into the biotechnology sector. (All valuations are as of Monday’s close.)

Ark Fintech Innovation ETF  (ARKF) – Get ARK Fintech Innovation ETF Report bought 32,635 shares of e-commerce stalwart Shopify  (SHOP) – Get Shopify, Inc. Class A Report, valued at $22.3 million. The stock has dropped 52% over the past six months.

Ark Fintech purchased 96,978 shares of communications-software company Twilio  (TWLO) – Get Twilio, Inc. Class A Report, valued at $15.3 million. The stock has slid 54% over the past six months.

Source: https://www.thestreet.com/investing/cathie-wood-ark-buys-e-commerce-sells-payments?puc=yahoo&cm_ven=YAHOO&yptr=yahoo