Cathie Wood's ARK ETF revealed daily trading on Tuesday, April 2, 2024, with significant activity in both buying and selling across a variety of sectors. The most notable trade of the day was the sale of DraftKings, Inc. (NASDAQ:), where ARK sold his 481,452 shares representing the equivalent of his ARKK and ARKW ETFs, totaling $21,636,452.
The other major transaction was the sale of Exact Sciences Corp (NASDAQ:) stock, with 266,380 shares sold between ARKK and ARKG ETFs, for a total value of $18,755,816. These sales may indicate strategic changes in ARK's portfolio or a response to market conditions.
On the buy side, Tesla Inc. (NASDAQ:) remains the favorite, with ARK buying 234,998 shares across three ETFs, representing a hefty investment of $41,176,349. The move reinforces ARK's bullish stance on Tesla, a recurring trend in recent trading.
Kratos Defense & Securities (NASDAQ:) also saw a notable increase in holdings, with ARK purchasing 107,711 shares valued at $1,977,574 through the ARKQ and ARKX ETFs. This acquisition is consistent with ARK's interest in defense and aerospace technology, an area that is receiving increasing attention from the investment community.
ARK also moderna Inc (NASDAQ:) acquired 14,447 shares for a total value of $1,525,603 through the ARKG ETF. This transaction reflects ARK's continued investment in the biotechnology sector, particularly in companies at the forefront of innovation and drug development.
Other notable buys include Pacific Biosciences, Inc. (NASDAQ:) of California (NASDAQ:PACB) for 190,362 shares; Pinterest Inc. (NYSE:NYSE:), with total amounts of $694,821 and $1,483,687, respectively. These deals demonstrate ARK's diverse interests in both the health technology and social media spaces.
Persona Ris Co., Ltd. (NASDAQ:) saw small purchases of 23,786 shares, following a consistent buying pattern for the genomics company seen in previous trading and reflecting confidence in the company's long-term potential. suggests that it is increasing.
Overall, Cathie Wood's ARK ETF continues to make bold moves in the market with a clear focus on innovation-driven companies. Investors and market watchers alike will be watching to see how these transactions play out within ARK's broader investment strategy.
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