Cathie Wood Shakes Up ARK ETFs Again

This article first appeared on GuruFocus.

Cathie Wood isn’t sitting still. The ARK Invest chief reshuffled her portfolio again on September 25, making just three trades across her ETFs, but enough to catch Wall Street’s attention.

Her funds trimmed positions in Roku (NASDAQ:ROKU) and Roblox (NYSE:RBLX)both of which have been hot performers this yearwhile doubling down on Arcturus Therapeutics (NASDAQ:ARCT), a biotech name that has surged nearly 9% on the day. The ARK Genomic Revolution ETF scooped up more than 28,000 shares of Arcturus worth about $540,000, signaling conviction in the company’s growth prospects.

Roku saw the biggest cut: over 21,000 shares sold, valued at roughly $2.1 million. That’s consistent with Wood’s pattern of locking in gains after Roku’s 32% rally year-to-date. Roblox wasn’t spared either, with 10,600 shares worth $1.4 million offloaded, on top of earlier sales this week.

The cautious moves come as volatility in tech stocks keeps investors on edge. Wood appears to be redirecting capital toward sectors she views as higher-growth, like biotech and emerging technologies. Wall Street analysts back her Arcturus bet, with a Strong Buy consensus and price targets pointing to nearly 200% upside in the next 12 months.