In the latest series of trades from Cathie Wood’s ARK ETFs, investors witnessed a mix of buying and selling across various sectors for Wednesday, 22 January 2025. The most significant move was the sale of Robinhood Markets Inc (NASDAQ:) shares, as ARK’s ARKW ETF offloaded 18,483 shares, amounting to a substantial dollar value of $924,150.
Another notable transaction was the purchase of Deere & Co (NYSE:) stock, with a combined acquisition of 400 shares through ARKQ and ARKX (NYSE:) ETFs, reaching a total investment of $185,259. This buy reflects a continued interest in the heavy machinery company, following a trend from previous trading sessions where ARK bought 3,474 shares on Tuesday, 21 January.
ARK’s activity also included a sale of Accolade Inc (NASDAQ:) stock, continuing a sell-off trend from last week. The ARKG ETF sold 61,235 shares of ACCD, which amounted to $421,296. This follows a series of sales of the same stock, including a massive sell of 466,337 shares the day before, hinting at a strategic move away from the health technology company.
On the smaller end of the scale, ARK ETFs made a purchase of ABSCI Corp (NASDAQ:) shares, buying 5,053 shares for $16,270 through ARKG. This follows a more significant buy of 79,411 shares on Tuesday, indicating a build-up in their position in the biotech firm.
Elbit Systems Ltd (NASDAQ:) also saw a reduction in ARK’s holdings, with a sale of 400 shares split between ARKQ and ARKX ETFs, totaling $123,080. This sale aligns with a previous trend of reducing exposure to the defense electronics company, as seen on Tuesday with the sale of 2,701 shares.
Investors following Cathie Wood’s ARK ETFs are observing a pattern of strategic buys and sells, with a clear focus on specific industries and companies. The consistent accumulation and divestment moves provide insights into ARK’s evolving investment strategies.
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