Cathie Wood's ARK ETF announced its daily trading for Wednesday, April 10, 2024, showcasing a series of strategic buys and sells across a variety of sectors. The deal builds on ARK's continued interest in medical technology and aerospace innovation, with significant investments in companies such as Teladoc Health, Inc. (NYSE:) and 10X Genomics, Inc. (NASDAQ:TXG). It is shown that.
The highest dollar transaction of the day was ARK's purchase of 600,483 shares of Teladoc Health Inc., representing a significant investment of $9,043,274. The move signals bullishness on the telemedicine company, which has been of repeated interest to ARK, as evidenced by its consistent buying pattern over the past week.
Another notable transaction was the acquisition of 93,252 shares of 10X Genomics Inc. valued at $3,484,827. Genomics companies are another regular feature of ARK's trading activity, demonstrating the fund's confidence in the growth potential of genomic solutions.
In the Aerospace sector, ARK, through the ARKX ETF, showed significant interest by purchasing 415,239 shares of Blade Air Mobility Inc (NASDAQ:) for a total value of $1,602,822. Additionally, the fund continued to accumulate shares. archer aviation Inc (NYSE:NYSE:) adds 325,945 shares for a total of $1,395,044.
On the sales front, ARK divested from several companies, including a notable sale of 24,141 shares. coinbase global Inc (NASDAQ:) holdings decreased $5,865,055 from your holdings. This move may reflect ARK's strategy to rebalance its portfolio to account for the volatile cryptocurrency market.
Other sales included 20,496 shares of Exact Sciences Corp (NASDAQ:), valued at $1,522,033, and 19,1538 shares of The 3D Printing ETF (BATS:PRNT), valued at $4,332,072. These sales may indicate a change in ARK's focus or a response to changes in the market.
ARK also continued to make small adjustments to its holdings, including purchasing stock in the following companies: iridium communication Inc (NASDAQ:), Intellia Therapeutics Inc. (NASDAQ:), and Palantir Technologies Inc (NYSE:NYSE:), and also sold at caterpillar Inc. (NYSE:NYSE:), Insight Company (NASDAQ:), and UiPath Inc (NYSE:NYSE:).
The day's trading activity reflects ARK's dynamic and responsive investment approach, with a clear focus on innovative companies seeking growth. As ARK continues to adjust its portfolio, investors and market watchers alike will be watching these trades closely to gauge the fund's outlook on various sectors.
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