On Monday, Cathie Wood-led Ark Invest added to two of its highest-profile names, SpaceX-linked exposure and Tesla Inc (NASDAQ:TSLA), while trimming several other positions, including Robinhood Markets Inc (NASDAQ:HOOD).
Among the biggest moves of the day was Ark’s renewed buying of Space Exploration Technologies Corp.
(NASDAQ:SPCX), even as the company’s stock remained under pressure.
The SpaceX Trade Ark Invest purchased shares of the Elon Musk-led rocket company on Monday.
The firm bought 78,031 shares in ARK Innovation ETF (BATS:ARKK), 25,442 shares in ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), 10,369 shares in ARK Next Generation Internet ETF (BATS:ARKW) and 10,701 shares in ARK Space & Defense Innovation ETF (BATS:ARKX), showing continued conviction in the aerospace company despite the recent pullback.
