Cathie Wood's Ark Investment Management bulked up on a couple of stocks on Monday when the broader market staged a rebound amid hopes of seeing tame June inflation data.
Splurging On TSMC: Ark, through its Ark Autonomous Technology & Robotics ETF (CBOE: ARKQ) picked up 32,896 shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). The purchase is valued at $3.28 million at Monday's closing price of $99.77.
Taiwan-based TSMC is the world's biggest foundry and it is a major supplier to semiconductor and consumer electronics companies. ...Full story available on Benzinga.com
Related tickers: ADPT, KTOS, TSM, SURF, ADPT, ARKQ, ARKW, PD, ARKK, DKNG.
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