Cathie Wood's ARK ETF published their daily trades for Thursday, June 13th, 2024, revealing a series of notable transactions across various sectors. Leading the day's activity was a significant purchase of PagerDuty Inc (NYSE:PD) shares, with ARK buying a total of 77,959 shares across its ARKK and ARKW ETFs, amounting to a dollar value of $1,623,106. This move underscores ARK's continued bullish stance on the cloud computing company, following consistent buying in previous sessions.
Another key focus was Roblox Corp (NYSE:RBLX), where ARK added 17,615 shares valued at $634,668, split between ARKK and ARKW ETFs. This investment reflects a growing trend in ARK's portfolio, as the gaming platform has seen increased interest from the fund in recent days.
In the healthcare sector, ARK made a notable buy in Veracyte Inc (NASDAQ:VCYT), acquiring 41,477 shares through ARKK and ARKG ETFs. The total dollar value of this trade reached $915,397, indicating a strong conviction in the genomic diagnostics company's potential.
Conversely, ARK offloaded shares in several companies. Teladoc Health Inc (NYSE:NYSE:TDOC) saw a sell-off of 21,140 shares from the ARKW ETF, totaling $215,627. This followed a pattern of selling in Teladoc observed over the past week, suggesting a strategic shift away from the telemedicine provider.
The largest sell in terms of dollar value was Verve Therapeutics Inc (NASDAQ:VERV), with ARK divesting 208,622 shares across ARKK and ARKG ETFs, resulting in $1,166,197 leaving the fund's holdings. This trade marked a continuation of ARK's recent trend of reducing its position in the gene-editing company.
Additionally, ARK sold 2,397 shares of Zoom Video Communications Inc (NASDAQ:ZM) through its ARKW ETF, with the trade valued at $145,066. This transaction comes amidst a broader reassessment of technology stocks within ARK's portfolio.
Lastly, ARK's investment in Markforged Holding Corp (NYSE:MKFG) was bolstered with a purchase of 79,647 shares split between ARKQ and ARKX ETFs, totaling a modest $38,127. Despite being the smallest trade by dollar value for the day, it indicates a growing interest in the 3D printing company, as ARK has consistently increased its stake over the past week.
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