Cathie Wood Snaps Up $14.3 Million of Meta Stock After Post-Earnings Selloff, Ark Sheds Caterpillar Share

On Thursday, Cathie Wood-led Ark Invest executed significant trades involving Meta Platforms Inc (NASDAQ:META) and Caterpillar Inc (NYSE:CAT).

The investment firm increased its position in Meta Platforms while reducing its stake in Caterpillar, reflecting strategic adjustments amidst market fluctuations.

The Meta Platforms Trade Ark Invest made a notable move by purchasing additional shares of Meta Platforms across multiple ETFs.

Specifically, the ARK Innovation ETF (BATS:ARKK), ARK Blockchain & Fintech Innovation ETF (BATS:ARKF), and ARK Next Generation Internet ETF (BATS:ARKW) funds collectively acquired 26,509 shares of Meta.

The transaction occurred as Meta's stock closed at $539.03, marking a decline of 7.95% from the previous day.