Cathie Wood’s ARK ETFs disclosed their daily trades for Monday, September 23, 2024, revealing a mix of buys and sells across various sectors. The largest transaction of the day was the sale of 11620 shares of Spotify Technology SA (NYSE:), amounting to a total dollar value of $4,243,275. This move comes as the latest in a series of sales for the music streaming giant, indicating a possible strategic shift for ARK’s investment in the company.
Another significant trade was the purchase of 81079 shares of GitLab Inc (NASDAQ:GTLB) for a total value of $4,220,161, marking a substantial investment in the DevOps platform provider. This buy aligns with ARK’s focus on innovative tech companies poised for growth.
ARK also sold 2875 shares of Adyen NV (AMS:AS:) through its ARKF ETF, with a total dollar value of $4,420,963. Adyen’s stock has been another point of interest for ARK, with this sale reflecting a potential rebalancing of the fund’s portfolio.
In the cryptocurrency space, ARK reduced its holdings in the ARK 21Shares ETF (ARKB), selling 44609 shares valued at $2,800,106 through its ARKW ETF. This sale might suggest a cautious stance on digital assets amidst market volatility.
The daily trades report showed a continued accumulation of 3D Systems Corp (NYSE:NYSE:) shares, with 374355 shares bought across the ARKQ and ARKX ETFs, totaling $965,835. This consistent buying pattern over the past week indicates ARK’s growing confidence in the 3D printing company.
ARK’s investment in biotech was evident with the purchase of 704526 shares of Pacific Biosciences (NASDAQ:) of California Inc (NASDAQ:PACB) for $1,285,759. The genomic analysis company has seen recurring interest from ARK, highlighting its potential in the healthcare sector.
Additionally, ARK bolstered its position in Pinterest Inc (NYSE:NYSE:) by acquiring 115211 shares, valued at $3,500,110. This investment in the social media platform is noteworthy, considering the evolving digital advertising landscape.
On the sell side, ARK divested from Ansys Inc (NASDAQ:), selling 1637 shares for $524,249, and from Intuitive Surgical Inc (NASDAQ:), with 1078 shares sold at $524,123. Both sales are part of ARK’s ongoing portfolio adjustments.
Smaller trades included the sale of 16207 shares of Butterfly Network Inc (NYSE:BFLY) for $29,010, 7747 shares of Palantir Technologies Inc (NYSE:NYSE:) for $288,188, and 17860 shares of the 3D Printing ETF (BATS:PRNT) for $358,986.
Lastly, ARK sold 575 shares of Vertex Pharmaceuticals Inc (NASDAQ:) with a total dollar value of $267,329, and 45675 shares of Roku Inc (NASDAQ:) for $3,472,213, further refining its investment strategy.
Investors and market watchers closely monitor ARK’s trades for insights into Cathie Wood’s investment strategies and the firm’s outlook on various sectors and individual stocks.
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