Cathie Wood Makes Massive $12M Purchase In This Streaming Company Post Earnings

Benzinga
Benzinga
  • last year
Cathie Wood-led ARK Investment Management bought a massive stake in digital media player-maker Roku on Thursday following its quarterly earnings release.

Funds operated by ARK bought over 215,000 shares of Roku at an estimated valuation of over $12 million based on Thursday's closing price. The purchase was done via the flagship ARK Innovation ETF ARKK, the ARK Next Generation Internet ETF ARKW and the ARK Fintech Innovation ETF ARKF. Find out more on benzinga.com

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