Cathie Wood-led Ark Investment Management on Thursday shed 25,300 shares, estimated to be worth about $11 million, in Roku Inc ROKU.
Shares of the San Jose, California-based company that makes a host of digital media players for video streaming, closed 5.13% lower at $435.67 on Thursday.
Roku shares had jumped as much as 5% on Wednesday after the media-streaming expert revealed an Apple Inc AAPL sponsored button on its remote controls.
The New York-based investment firm deployed the Ark Next Generation Internet ETF ARKW to sell the shares on Thursday. It also holds a stake in ROKU via the Ark Innovation ETF ARKK.
ARKK and ARKW together still held 4.2 million shares, worth about $1.93 billion, in Roku ahead of Thursday’s trade.
Some of the other key Ark Invest sells on Thursday include Pluristem Therapeutics Inc PSTI, Pagerduty Inc PD and buys include Quantum-Si Inc QSI and Vuzix Corp VUZI.
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