Cathie Wood's ARK ETFs have made a series of bold moves in the stock market on Monday, 15 April 2024. The investment firm, known for its focus on disruptive innovation, has continued to adjust its portfolio with a mix of buys and sells across various sectors.
The largest dollar-value trade for the day was the purchase of 93,186 shares of Roku Inc (NASDAQ:ROKU), split between ARKK and ARKW ETFs, with a total dollar value of $5,581,841. This move indicates a strong bullish stance on the streaming device company, as ARK has consistently increased its holdings in Roku over the past week.
On the sell side, ARK offloaded a significant number of shares in DraftKings Inc (NASDAQ:DKNG), totaling 97,783 shares across ARKK and ARKW ETFs, valued at $4,323,964. This sale represents the largest divestment of the day and suggests a shift in ARK's confidence in the online sports betting company.
In the realm of healthcare, ARK bought 66,459 shares of Teladoc Health Inc (NYSE:NYSE:TDOC) across three of its ETFs—ARKK, ARKG, and ARKF—totaling a dollar value of $944,382. ARK also continued to invest in Personalis Inc (NASDAQ:PSNL) with the purchase of 69,879 shares through its ARKG ETF, valued at $89,095. This follows a trend of accumulating shares in the personalized medicine company over recent trades.
Another significant buy was the addition of 99,640 shares of Recursion Pharmaceuticals Inc (NASDAQ:RXRX) across ARKK and ARKG ETFs, with a total investment of $837,972. This is part of a larger trend, as ARK has been buying shares in Recursion Pharmaceuticals consistently over the past few trading sessions.
In the aviation sector, ARK's ARKX ETF purchased 103,454 shares of Blade Air Mobility Inc (NASDAQ:BLDE) with a total dollar value of $400,366, further diversifying its exposure to the future of transportation.
ARK's selling activity also included the sale of shares in several tech companies. ARK sold 3,689 shares of Coinbase Global Inc (NASDAQ:COIN) through its ARKW ETF, worth $906,571, and 157 shares of Nvidia Corp (NASDAQ:NVDA) through its ARKG ETF, valued at $138,452. Additionally, ARK sold 76,205 shares of Nu Holdings Ltd (NYSE:NU) across ARKW and ARKF ETFs, totaling $860,354, and 35,562 shares of UiPath Inc (NYSE:NYSE:PATH) through its ARKG ETF, valued at $736,488.
The smallest trade of the day involved Twilio Inc (NYSE:NYSE:TWLO), with ARK selling a modest 92 shares through its ARKW ETF, totaling $5,598.
Investors following ARK's ETFs will note the company's strategic adjustments, as it continues to navigate the volatile market landscape, balancing between sectors like technology, healthcare, and emerging industries such as air mobility. These daily trade reports offer a glimpse into the active management style that has become a hallmark of Cathie Wood's investment approach.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.