Cathie Wood sells $2.1 million of megacap tech stock

Cathie Wood just dialed back one of Big Tech’s biggest names again. The ARK Invest boss shed 3,578 shares of Meta Platforms (META) on March 25, a move worth nearly $2.1 million. The sale was spread across three of ARK’s major actively managed ETFs, with Meta coming off a lean patch, having dropped 16% of its value in the past month. It’s important to note that ARK has had a mostly weak start to the year. For perspective, as per TotalRealReturns as of March 25, Wood’s flagship ARK Innovation ETF (ARKK) ...