Cathie Wood's ARK ETFs have reported their latest round of daily trades for Friday, November 22, 2024, displaying a mix of strategic buy and sell actions across various sectors. The most significant move was the purchase of 76,665 shares of Teradyne Inc (NYSE:NASDAQ:TER), a leading supplier of automated test equipment, with a total dollar value of $8,089,690. This purchase signals ARK's bullish stance on the tech sector and its potential for growth.
In contrast, ARK sold a substantial number of shares in two other tech giants. The ETF shed 73,021 shares of Palantir Technologies Inc (NYSE:NYSE:PLTR), the big data analytics company, totaling $4,480,568. Additionally, 11,205 shares of Tesla Inc (NASDAQ:TSLA), the electric vehicle and clean energy company, were sold off, amounting to $3,805,666. These sales may indicate ARK's strategy to capitalize on recent market movements or to rebalance its portfolio in light of evolving market conditions.
Another notable trade was the acquisition of 12,303 shares of Ibotta Inc (NASDAQ:IBTA), a mobile technology company offering cash back rewards, with the trade valued at $832,913. This move reflects ARK's ongoing interest in innovative companies with disruptive potential.
The ETF also sold 82,872 shares of SoFi Technologies Inc (NASDAQ:SOFI), a personal finance company, for a total of $1,243,908. Additionally, smaller sales included 5,033 shares of Repare Therapeutics Inc (NASDAQ:RPTX) at $14,948, and 91 shares of Unity Software Inc (NYSE:NYSE:U) totaling $2,043, indicating minor adjustments to ARK's holdings.
Furthermore, ARK ETFs continued to show interest in Twist Bioscience Corp (NASDAQ:TWST), a synthetic biology company, by purchasing 183 shares with a dollar value of $7,623. This follows a trend of accumulating TWST shares over the past week, suggesting a deliberate strategy to increase ARK's position in the company.
The daily trade report covers every transaction made by the ARK ETFs, ensuring investors have a comprehensive view of the fund's market activity. By closely monitoring these trades, investors can gain insight into the investment strategies employed by Cathie Wood and her team, providing a window into the decision-making process behind ARK's portfolio management.
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