ARKK increased stakes in Tesla and Snowflake while liquidating $77 million in Roku shares on June 18.
ARK Innovation ETF (ARKK) adjusted its portfolio on June 18, adding to positions in Tesla (TSLA) and Snowflake (SNOW) while selling $77 million worth of Roku shares. The moves reflect a shift in exposure within major tech and growth stocks amid mixed trading activity.
The fund had previously held steady in Roku but reduced its stake significantly in the latest session. ARKK’s adjustments come as tech valuations face scrutiny, with investors weighing growth potential against macroeconomic uncertainties.
No immediate market reaction was reported following the disclosure of the trades.