Cathie Wood's ARK ETFs have reported their daily trades for Wednesday, September 25th, 2024, marking another active day in the market for the investment firm known for its focus on disruptive innovation. ARK's largest transaction of the day was the purchase of 61,157 shares of Tempus AI Inc (NASDAQ:TEM), amounting to a dollar value of $3,132,461. This buy signifies a growing interest in the artificial intelligence company, as ARK has been accumulating shares of Tempus AI, having also bought 16,234 shares on the previous Wednesday.
On the selling side, ARK reduced its holdings in Palantir Technologies Inc (NYSE:PLTR) by 62,809 shares, resulting in a sale worth $2,317,652. This move continues a trend from earlier in the week when ARK sold smaller amounts of Palantir stock. Another significant sale was that of Roblox Corp (NYSE:RBLX), with 28,093 shares sold for a total of $1,323,461. This follows a pattern of ARK selling Roblox shares over the past few days.
ARK also divested 9,507 shares of Roku Inc (NASDAQ:ROKU) from its ARKW ETF, with the transaction valued at $725,954. This sale is part of a continued reduction in Roku holdings, as seen by previous trades earlier in the week.
Smaller trades included the sale of 22,698 shares of Butterfly Network Inc (NYSE:BFLY) for $37,224, continuing a selling streak for the company's stock by ARK. Materialise NV (NASDAQ:MTLS) also saw a decrease in ARK's investment as 7,525 shares were sold for $39,732.
On the purchasing side, ARK bought 30,414 shares of Blade Air Mobility Inc (NASDAQ:BLDE) through its ARKX ETF, valuing the trade at $90,937. This acquisition adds to the previous day's purchase of Blade Air Mobility, indicating a growing position in the urban air mobility service provider.
In smaller transactions, ARK sold 150 shares of Mynaric AG (NASDAQ:MYNA) for just $202, and 497 shares of Veeva Systems Inc (NYSE:NYSE:VEEV) for a total of $103,331. Additionally, the sale of Vuzix Corp (NASDAQ:VUZI) was split between ARKQ and ARKW ETFs, totaling 2,580 shares sold for a combined value of $2,580.
Investors following Cathie Wood's ARK ETFs will note the ongoing adjustments in the firm's portfolio, reflecting their strategy to capitalize on market dynamics and long-term growth opportunities in innovative sectors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.