Ark Invest Buys $12.2M in SpaceX, Trims Block and Robinhood Holdings on Tuesday

SPCX2.46%
HOOD-3.01%
BLSH-0.52%

According to Ark Invest's Tuesday trading disclosure, the Cathie Wood-led firm purchased $12.2 million worth of SpaceX shares across its exchange-traded funds, acquiring 105,108 shares at $116.41 per share.

Ark simultaneously trimmed its holdings by offloading $2.3 million in Block Inc. shares, $1.6 million in Bullish, and $4 million in Robinhood. Ark actively rebalances its ETF portfolios to ensure no single stock exceeds 10% of fund value.

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