Cathie Wood Snaps Up Roblox for ARK Next-Generation Internet Fund – Barron's

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Rising bond yields may have derailed the ARK Invest’s galaxy of exchange-traded funds, but the firm has had an enviable record over the last year of picking the technology companies that see the biggest gains.

So perhaps it isn’t a surprise that the

ARK Next Generation Internet ETF

bought over 500,000 shares of

Roblox,

the videogames developer that surged 54% in its trading debut on Wednesday.

The position, worth $36 million at Wednesday’s close, amounts to 0.47% of the
Cathie Wood
-managed fund, according to the trading data posted on ARK’s website.

It isn’t clear from the disclosure at what price the ARK fund bought Roblox.

The same fund sold nearly $18 million worth of

Facebook.

The fund is down about 18% over the last month, but up 153% over the last 52 weeks.