Cathie Wood's Ark Invest made a notable move on July 30, 2026, by purchasing 26,509 shares of Meta Platforms for approximately $14.3 million. The acquisition was spread across three of its ETFs: ARK Innovation (ARKK), ARK Fintech Innovation (ARKF), and ARK Next Generation Internet (ARKW).
This "buy the dip" strategy came after Meta's stock fell by 7.95% to close at $539.03 following its second-quarter earnings report. Despite the company exceeding revenue expectations, the market reacted negatively, providing an entry point for Ark.