Cathie Wood's Ark Invest has significantly increased its holdings in Taiwan Semiconductor Manufacturing Company (TSMC) ADRs. The investment firm purchased 27,099 shares through its flagship ARK Innovation ETF (ARKK) and 16,172 shares through the ARK Next Generation Internet ETF (ARKW), totaling approximately $8.4 million based on the closing price.
This follows Ark Invest's acquisition of 197,776 TSMC ADR shares the previous day, valued at about $38.27 million. This marks the largest purchase in nearly a year and suggests a strategic shift after a period of mainly reducing positions since the third quarter of last year.
