Cathie Wood's ARK ETFs Daily Trades: Palantir Sells, 3D Printing Buys Surge
Cathie Wood's ARK ETFs disclosed their trades on Friday, September 20th, 2024, showcasing significant activity in buying and selling across sectors. The highlight was the sale of Palantir Technologies Inc stock, with ARK's ARKK ETF offloading 16,053 shares worth around $591,232. This move aligns with ARK's recent trend of reducing its stake in Palantir.
On the buying front, ARK displayed a strong interest in 3D printing technology by purchasing a total of 4,614 shares of 3D Systems Corp split between its ARKQ and ARKX ETFs, totaling $12,088. This follows a consistent pattern of accumulation in 3D Systems, with a substantial purchase of 540,534 shares on Tuesday, September 17th.
Another notable buy was the acquisition of 41,395 shares of Markforged Holding Corp, divided between the ARKQ and ARKX ETFs, with a total value of $85,687. This purchase indicates a growing interest from ARK in the industrial 3D printing sector.
ARK also divested 377 shares of Intuitive Surgical Inc through its ARKQ ETF, totaling $184,733, and 528 shares of Roblox Corp through its ARKK ETF, valued at $24,446. These sales mark a continuation of ARK's trend of reducing its holdings in these companies over recent trading days.
The smallest trade involved the sale of 800 shares of Mynaric AG through the ARKX ETF, with a total value of just $1,023, reflecting a broader selling trend in the aerospace company's stock by ARK.
In summary, Cathie Wood's ARK ETFs are actively managing their portfolio, with a focus on selling Palantir Technologies and increasing investments in 3D Systems, along with adjustments in other technology and innovation-focused firms. Investors monitoring ARK's trades will observe strategic shifts as Wood's team navigates the evolving market landscape.
Analysis: Cathie Wood's ARK ETFs have made significant moves in their portfolio, signaling a shift away from Palantir Technologies towards 3D printing technology. This indicates a strategic realignment towards industries with growth potential, offering insights for investors looking to follow ARK's investment strategies for potential gains in their own portfolios.