Netflix, Inc. (NASDAQ: NFLX), NXP Semiconductors NV (NASDAQ: NXPI) – Cathie Wood buys additional $ 1.6 million in Netflix, cuts stake in chipmaker NXP by $ 14.8 million

Ark Investment Management, led by Cathie Wood, on Tuesday bought 3,182 shares, valued at around $ 1.6 million, in a video streaming company Netflix Inc (NASDAQ: NFLX) down.

Netflix shares, which fell as much as 1% on Tuesday, closed 0.74% lower at $ 499.08 at the end of the trading day.

The investment firm bought the shares of the company through its Ark space exploration and innovation ETFs (BATS: ARKX) and also owns shares through the Next Generation ARK Internet ETF (NYSE: ARKW).

ARKX and ARKW together owned 149,701 shares, worth around $ 75.27 million in Netflix before Wednesday’s deal.

See Also: Cathie Wood Buys More $ 42 Million In Twitter Shares, Also Adds DraftKings, Netflix

The popular investment management firm sold 71,584 shares, valued at approximately $ 14.88 million, in NXP Semiconductors NV (NASDAQ: NXPI) on a day shares of the Dutch semiconductor company closed 1.6% lower at $ 207.91.

Ark bought the shares of the company through the Ark Autonomous Technology and Robotics ETF (BATS: ARKQ). No other Ark ETF owns shares of the company.

NXP Semiconductors is among other chipmakers that find themselves in the midst of a chip shortage that has caused global auto makers and other electronics makers to scramble for supplies.

ARKQ held 526,985 shares, valued at approximately $ 111.42 million, in NXP Semiconductors, prior to Wednesday’s transaction. Ark Invest last sold shares of NXP Semiconductors on March 27.

Some of Ark Invest’s other key Tuesday sales are included Pinduoduo Inc (NASDAQ: PDD) and purchases included Vuzix Corp (NASDAQ: VUZI) and SPAC Jaws Spitfire Acquisition Corp (NYSE: SPFR).

See also: Cathie Wood buys $ 13.5 million from smart glasses supplier Vuzix On Dip

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


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