Cathie Wood's ARK ETFs reported their daily trades for Friday, September 20th, 2024, with significant activity in both buying and selling across various sectors. Leading the transactions was the sale of Palantir Technologies Inc (NYSE:PLTR) stock, with ARK's ARKK ETF parting with 16,053 shares valued at approximately $591,232. This move continues a selling trend for Palantir, as ARK has been reducing its position in the company over the past week.
On the purchasing side, ARK showed a strong interest in 3D printing technology, buying a total of 4,614 shares of 3D Systems Corp (NYSE:NYSE:DDD) split between its ARKQ and ARKX ETFs, amounting to $12,088. This follows a consistent pattern of accumulation in 3D Systems, with ARK having bought a sizeable number of shares in the previous days, notably a massive 540,534 shares on Tuesday, September 17th.
Another notable buy was the acquisition of 41,395 shares of Markforged Holding Corp (NYSE:MKFG), distributed between the ARKQ and ARKX ETFs, with a total dollar value of $85,687. This purchase suggests a growing interest from ARK in the industrial 3D printing company.
ARK also sold 377 shares of Intuitive Surgical Inc (NASDAQ:ISRG) through its ARKQ ETF, totaling $184,733, and 528 shares of Roblox Corp (NYSE:RBLX) through its ARKK ETF, valued at $24,446. Both of these sales represent a continuation of ARK's divestment in these companies over the previous trading days.
The smallest trade of the day involved the sale of 800 shares of Mynaric AG (NASDAQ:MYNA) through the ARKX ETF, with a total dollar value of just $1,023, which is part of a broader selling trend in the aerospace company's stock by ARK.
In summary, Cathie Wood's ARK ETFs have been actively managing their portfolio, with a clear emphasis on selling Palantir Technologies and investing further in 3D Systems, while also adjusting positions in other technology and innovation-focused companies. Investors following ARK's trades will note the strategic shifts as Wood's team navigates the evolving market landscape.
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