Cathie Wood’s ARK Autonomous Technology and Robotics ETF Adjusts Holdings

1 Mins read

Cathie Wood’s ARK Autonomous Technology and Robotics exchange-traded fund (ETF), known as ARKQ, recently made changes to its portfolio. The ETF sold approximately $3 million worth of General Motors Co. (GM) shares while simultaneously purchasing a similar value of Taiwan Semiconductor Manufacturing Co. Ltd.’s (TSM) stock.

Adjustments to Holdings

ARKQ revealed in a disclosure late Thursday that it sold 72,519 shares of GM, which accounted for roughly 19.3% of the ETF’s stake in the company. Based on GM’s closing price of $39.26 per share on Thursday, the total value of the shares sold amounts to approximately $2.85 million.

In contrast, ARKQ acquired 28,909 shares of Taiwan Semi, valued at $97.86 per share at Thursday’s closing price. This purchase resulted in a 19.9% increase in the ETF’s stake in Taiwan Semi, bringing it to the 23rd largest holding within its portfolio.

Portfolio Positions

Within ARKQ’s portfolio of 37 stocks, Tesla Inc. (TSLA) and UiPath Inc. (PATH) are the two largest holdings. As for Taiwan Semi, it now ranks as the ETF’s 23rd largest holding, while GM stands as the 31st largest.

Recent Developments

While Taiwan Semi experienced a 5.1% decrease in stock value on Thursday following disappointing second-quarter margin results, GM shares recorded a marginal increase of 0.1%.


As of Friday, ARKQ has displayed an impressive year-to-date rally of 39.9%. In comparison, the S&P 500 has achieved an 18.1% gain over the same period.

Related posts

Banking Regulations for Preventing Failures

2 Mins read
Banking regulators have the power to prevent future bank collapses, according to a panel of banking experts who emphasized the importance of…

Dave's Strong Q4 Performance

1 Mins read
Shares of Dave surged on Tuesday following the digital bank’s announcement of a profitable fourth quarter earlier than expected, with a positive…

DaVita Expands in Latin America

1 Mins read
Shares of DaVita reached record levels as the kidney care services company announced its significant expansion into Latin America through a $300…

Leave a Reply

Your email address will not be published. Required fields are marked *

12 − 5 =