Cathie Wood's ARK ETFs have made notable changes to their investment portfolios on Tuesday, September 10, 2024, with DraftKings Inc (NASDAQ:DKNG) and Advanced Micro Devices Inc (NASDAQ:AMD) being the major stocks bought, while significant sales included Unity Software Inc (NYSE:U) and Palantir Technologies Inc (NYSE:NYSE:PLTR).
ARK's largest buy for the day was DraftKings, with the ARKK ETF acquiring 181,842 shares, amounting to a total dollar value of $6,566,314. This follows a trend as ARK has been increasing its position in the sports betting company over recent days. Advanced Micro Devices also saw a substantial purchase with 47,717 shares bought by the ARKK ETF, valued at $6,592,103.
On the sell side, Unity Software faced a major reduction in ARK's holdings, with a total of 908,278 shares sold across the ARKK and ARKW ETFs, totaling $15,595,133 in value. Palantir Technologies also saw a significant sell-off, with 124,626 shares sold by the ARKK ETF, valued at $4,312,059.
Other notable buys included ABSCI Corp (NASDAQ:ABSI) with 212,034 shares acquired by the ARKG ETF for $742,119, and Tempus AI Inc (NYSE:TEM) with the ARKK ETF purchasing 36,238 shares at a value of $1,712,970.
In terms of sales, ARK's ARKG ETF divested from Exact Sciences Corp (NASDAQ:EXAS), selling 40,063 shares for a total of $2,355,303, and from Twist Bioscience Corp (NASDAQ:TWST), selling a combined 87,861 shares through the ARKK and ARKG ETFs for a value of $3,273,700.
Smaller trades included buys in Guardant Health Inc (NASDAQ:GH), Ionis Pharmaceuticals Inc (NASDAQ:IONS), Personalis Inc (NASDAQ:PSNL), and Rubrik Inc (NASDAQ:RBRK). Meanwhile, smaller sales were made in stocks such as Butterfly Network Inc (NYSE:BFLY), 908 Devices Inc. (NASDAQ:MASS), Veracyte Inc (NASDAQ:VCYT), Veeva Systems Inc (NYSE:NYSE:VEEV), Verve Therapeutics Inc (NASDAQ:VERV), Vertex Pharmaceuticals Inc (NASDAQ:VRTX), and Vuzix Corp (NASDAQ:VUZI).
These daily trades by Cathie Wood's ARK ETFs continue to reflect a dynamic approach to portfolio management, with a focus on innovative and disruptive companies. Investors are keeping a close eye on ARK's strategies, as these trades may signal the fund's outlook on various sectors and individual stock prospects.
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