Cathie Woods Invest Ark has changed its stance on the Canadian e-commerce retailer Shopify, Inc. BUSINESS and started adding to the stock this week.

Shopping for Shopify: Ark Invest, through its flagship Ark Innovation ETF ARKK as well as Ark Fintech Innovation ETF ARKF And Ark Next Generation Internet ETF ARKWbought 125,506 shares of Shopify on Friday, the company’s daily trade updates showed.

At Friday’s close of $43.61, the purchase is valued at $5.47 million.

Friday’s purchase comes on top of a massive purchase of 776,835 Shopify shares on Thursday, valued at $34.89 million. Prior to Thursday’s and Friday’s trades, Ark was a seller of Shopify stock between late October and early February.

Ark’s spending spree this week comes amid a cumulative 18.32% drop in shares of the e-commerce company. The pullback was in response to the quarterly results and the weak forecast for 2023.

See also: How to buy Shopify (SHOP) stock

Major disposals: Ark sells in Roku, Inc ROKU power this week. The stock is up about 30% over the past five trading sessions, with much of the gains driven by positive comments the company made on its earnings call late Wednesday. ARK sold a total of 186,217 Roku shares through its ARKK ETF on Thursday and Friday.

Other important sales were:

• Nvidia Corp. NVDA (40,155 shares)
• Proto Labs, Inc. PRLB (140,980 shares)
• Exact Sciences, Inc. EXAS (393,567 shares)
• Organovo Holdings, Inc. ONVO (20,393 shares)

Continue reading: Roku Receives Apple iOS Comparison, Price Target Raised by Analysts After Q4 Beat

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