Cathie Wood's ARK ETFs have reported their daily trades for Thursday, September 12th, 2024, with significant activity across several sectors. The largest dollar-value trade was the purchase of 45541 shares of Advanced Micro Devices Inc (NASDAQ:AMD) through the ARKK ETF, totaling approximately $6.8 million. This move shows a continued bullish stance on the semiconductor industry, following a similar purchase earlier in the week.
Another notable trade was the acquisition of 177544 shares of DraftKings Inc (NASDAQ:DKNG), also through the ARKK ETF, matching the dollar value of the AMD purchase at roughly $6.8 million. This investment reflects ARK's confidence in the online sports betting company, adding to its position from earlier trades in the week.
ARK's buying spree extended to Personalis Inc (NASDAQ:PSNL), with the purchase of 284451 shares through the ARKG ETF, amounting to over $1.6 million. This genetic sequencing company has been a recurring interest for ARK, as seen in previous days' trades.
In the biotech sphere, ARK's ARKG ETF bought 15182 shares of Absci Corp (NASDAQ:ABSI) and 11785 shares of Guardant Health Inc (NASDAQ:GH), with dollar values of approximately $55,000 and $293,000, respectively. These trades suggest a targeted investment in innovative healthcare solutions.
On the sales front, ARK made a decisive move by selling 927180 shares of Unity Software Inc (NYSE:U) across its ARKK and ARKW ETFs, totaling around $15.9 million. This divestment marks a significant shift, as Unity has been a part of ARK's portfolio across multiple funds.
Other sales included 56411 shares of Butterfly Network Inc (NYSE:BFLY) and 19518 shares of Robinhood Markets Inc (NASDAQ:HOOD), with ARK seemingly reducing exposure to these companies with sales totaling approximately $109,000 and $403,000, respectively.
Smaller trades involved Blade Air Mobility Inc (NASDAQ:BLDE), 908 Devices Inc. (NASDAQ:MASS), Mynaric AG (NASDAQ:MYNA), and several others, indicating ARK's strategy of adjusting positions in emerging technology and health sectors.
Investors following ARK's ETFs might note the trends in the fund's buying patterns, with a clear focus on tech and healthcare stocks that align with ARK's investment philosophy centered around disruptive innovation.
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