Ark Invest Expands SpaceX Stake After Stock Decline

TLDR

• Ark Invest purchased about $12.2 million worth of SpaceX shares across several actively managed ETFs.
• The investment firm acquired 105,108 SpaceX shares as the stock traded below its recent levels.
• Ark Invest sold roughly $4 million in Robinhood shares during the same trading session.
• The company also trimmed about $2.3 million in Block shares and $1.6 million in Bullish shares.
• Smaller purchases included shares in Bitmine and the 3iQ Solana Staking ETF.

Ark Invest bought $12.2 million of SpaceX shares on Tuesday while reducing positions in three finance and crypto-linked companies. The Cathie Wood-led firm purchased 105,108 SpaceX shares across several exchange-traded funds, according to its daily trade disclosure.

SpaceX shares gained 2.56% during the session and closed at $116.41. The stock has still fallen 29% over the past month, creating another lower-price entry for the investment manager.

Ark Invest Expands Its SpaceX Position

The purchase continued recent buying activity by Ark Invest after SpaceX entered public markets in June. The firm has added shares during several price declines as it builds exposure across its actively managed funds.

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