Cathie Wood’s Ark Invest cut all of its exposure to Netflix Inc in one of the two active ETFs that own shares in the streaming giant, according to a report by Benzinga on Thursday.
The investment managing firm sold 192 shares worth about $105,135 in Netflix through the Ark Next Generation Internet ETF.
Ark Invest still owns 26,802 shares valued at $14.67 million in Netflix through the Ark Space Exploration & Innovation ETF as of Wednesday’s trade.
Netflix shares have risen slightly by 1.26% in the current year and closed 1.05% lower at $548.58 on Wednesday.
Other key trades on Wednesday for Ark were 170,809 share purchases in Pfizer Inc on the dip at an estimated value of $8.11 million.
Ark Invest also bought 60,901 shares valued at $15.6 million in Coinbase Global Inc on the decline. The investment management firm sold all of its 1.34 million shares, worth around $78.5 million, in the Chinese food delivery giant Meituan. ARKW UP +0.03%, ARKX up +0.02%, NFLX down -1.05%, PFE up +0.02%, COIN down -0.97%, Meituan down -0.088%.