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Cathie Wood: ARK Invest Trims Tesla Position at Highs, Partial Profits Used to Increase Exposure to Cryptocurrencies
BlockBeats News, December 14th, Cathie Wood, founder of ARK Invest, stated that ARK Invest reduced its holdings in Tesla stock near its high and allocated some of the profits to cryptocurrency assets.
We tend to rebalance our portfolio in this way when one stock is rising relative to others and another stock is going through a "painful" period.
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