Cathie Wooden’s ARK ETF printed their each day trades for Monday, June third, 2024, showcasing a collection of transactions that mirror the fund’s dynamic funding technique. Main the day’s actions was a considerable purchase in 10X Genomics Inc (NASDAQ:TXG), with ARK buying 188070 shares valued at roughly $4,216,529. This transfer underscores ARK’s continued confidence within the genomics sector and represents the biggest dollar-value commerce of the day.
In one other vital transaction, ARK’s ETFs bought 167686 shares of PagerDuty Inc (NYSE:) for a complete of $3,181,003, indicating a bullish stance on the cloud computing firm. This follows a development from the earlier buying and selling day, the place ARK additionally added shares of PagerDuty, suggesting a strategic accumulation of the inventory.
ARK’s ETFs additionally made notable buys in Intellia Therapeutics Inc (NASDAQ:), with a complete of 93665 shares purchased, amounting to $2,002,557. This funding aligns with ARK’s recognized give attention to revolutionary firms within the biotechnology area.
Nevertheless, the buying and selling day wasn’t solely about acquisitions. ARK divested a good portion of its holdings in Zoom Video Communications Inc (NASDAQ:), promoting 51293 shares with a complete worth of $3,146,312. Equally, the fund offered 40201 shares of Actual Sciences Corp (NASDAQ:) for roughly $1,827,135. These gross sales might point out a shift in ARK’s funding technique or a response to market circumstances.
Different purchases included Beam Therapeutics Inc (NASDAQ:BEAM), Adaptive Biotechnologies Corp (NASDAQ:), and Rocket Lab USA Inc (NASDAQ:RKLB), with ARK shopping for 25214, 46684, and 47382 shares, respectively. These trades, whereas smaller in greenback worth in comparison with the main transactions, are a part of ARK’s diversified funding method.
The report additionally revealed smaller-scale buys in Guardant Well being Inc (NASDAQ:) and Markforged Holding Corp (NYSE:MKFG), in addition to a sale of Verve Therapeutics Inc (NASDAQ:VERV) shares. These trades, though modest compared, contribute to the general funding narrative of the day.
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