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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood's Ark Is Now Completely Out Of Netflix

Netflix Cathie Wood Nasdaq Ark Invest Ark Investment Management

Cathie Wood-led Ark Investment Management on Tuesday sold the remaining shares that it held in Netflix Inc (NASDAQ:NFLX) to fully cut its exposure in the streaming video-on-demand company.

The popular investment management firm sold the balance 103 shares — estimated to be worth $47,084 — in Netflix on the day shares of the company closed 7% higher at $457.13 a share.

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