Cathie Wood’s Ark Invest on Monday picked up shares of Advanced Micro Devices, Inc. (NASDAQ:NVDA) even as the firm has been divesting its stake in rival chipmaker Nvidia Corp. (NASDAQ:NVDA).
What Happened: Ark, through its Ark Autonomous Technology and Robotics ETF (CBOE: ARKQ), bought 14,978 shares of AMD. The purchase is valued at $1.58 million based on AMD’s closing price of $105.32 on Monday.
With the purchase, AMD now accounts for 0.60% weighting of the ARKQ by virtue of the 61,486 shares the exchange-traded fund holds.
Rival chipmaker Nvidia has a 2.74% weighting in ARKQ and the ETF holds 65,024 ...