ROKU - Cathie Wood's ARKK Trims Roku Stake Following 42% Post-Earnings Surge | Benzinga
Cathie Wood’s Ark Invest on Monday offloaded a chunk of Roku, Inc. (NASDAQ:ROKU) shares, shortly following the streaming device maker’s quarterly results released on Wednesday.
What Happened: Ark through its flagship Ark Innovation ETF (NYSE:ARKK) sold 171,268 shares of Roku, which is valued at $1.43 million based on Monday’s closing price of $83.30. Despite the disposal, Roku remains ARKK’s top holding. The exchange-traded fund holds 7.92 million Roku shares valued at $659.80 ...