Cathie Wood’s Ark Invest was active on Monday,, with one of its biggest headline moves centered on SpaceX (NASDAQ:SPCX) as the space company remained in focus after its recent public debut and fresh debate over its valuation.
The firm also kept trimming Advanced Micro Devices (NASDAQ:AMD) while reshuffling exposure across its innovation-heavy funds.
The SpaceX Trade Ark Invest added to SpaceX across multiple funds on Monday, with purchases spread through ARK Innovation ETF (BATS:ARKK), ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), ARK Next Generation Internet ETF (BATS:ARKW) and ARK Space & Defense Innovation ETF (BATS:ARKX).
The buying came as the stock has drawn intense attention following its historic IPO and a wave of new commentary about the company’s long-term ambitions and near-term volatility.
The stock has fallen nearly 35% from its record one-month high.
