ROKU pops 15%, but the three heaviest weighted ETFs by Cathie Wooden slide

Shares of Roku (NASDAQ:ROKU) popped greater than 15% on Thursday morning but it surely hasn’t lent a lot assist to a sequence of ETFs managed by Cathie Wooden that boast important holdings within the streaming TV firm. A number of ARK Make investments ETFs which are closely weighted in ROKU have seen sluggish motion in the course of the day.

ROKU is presently owned by 101 completely different change traded funds, with a number of of Wooden’s ARK Make investments funds having the most important weightings towards the inventory. Of the 101 ETFs, the highest three largest holders of ROKU all belong to Wooden.

Wooden’s ARK Subsequent Technology Web ETF (NYSEARCA:ARKW) has a 7.03% weighting in ROKU, itemizing the inventory as its third largest place. Subsequent in line is the favored ARK Innovation ETF (NYSEARCA:ARKK) which claims a 7.07% weighting, leaving ROKU because the funds second most important place. In the meantime, ARK Fintech Innovation ETF (NYSEARCA:ARKF) has made the inventory its 13 highest focus with a 3.16% weighting.

Early in Thursday’s intraday motion, ROKU jumped 16.3% after the corporate’s fourth-quarter revenues topped expectations and the corporate gave an upbeat forecast for the present quarter.

On the similar time ARKW, ARKK, and ARKF haven’t felt a lot of the love as they traded +0.6%, +0.6%, and –1.1% respectively.

Shares of ROKU now commerce close to $74 a share. Seven months in the past, Wooden referred to as for ROKU to succeed in $605 per share by 2026. Nevertheless, since her name ROKU tumbled 16.5% regardless of its soar on Thursday.