Cathie Wood’s fintech fund has sold a stake in HDFC Bank Ltd, India’s largest by market value, for the first time in nearly four months. The move comes at a time when the lender’s main stock listing is less than 3% away from a record high.
Wood’s Ark Fintech Innovation ETF (ARKF) sold 127,637 American depository receipts of the lender on Thursday for the first time since May 6, according to Ark Investment Management’s daily trading data compiled by Bloomberg. It now hold ADRs worth $19 million, Ark’s website shows.
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September 03, 2021 at 10:30AM
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Cathie Wood's Fintech ETF Sells HDFC Bank First Time Since May - Bloomberg
"wood" - Google News
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