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ARK Invest Dumps $28M in Alphabet to Fund Major Meta AI Bet

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The Story

News Summary

  • Cathie Wood's ARK Invest sold approximately $27.8 million worth of Alphabet (GOOGL) shares across its ARKK and ARKW ETFs, while rotating funds into Meta Platforms.
  • The divestment reflects active portfolio rebalancing as Alphabet traded down over 2%.
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META price history

648.03 +5.98% over the displayed period

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