Cathie Wood's ARK ETFs made notable market moves on Thursday, February 13, 2025, with significant transactions in a diverse set of companies. The largest dollar-value trade was the purchase of 317,184 shares of Trade Desk Inc (NASDAQ:TTD), amounting to $38,769,401. This move demonstrates ARK's growing interest in the digital advertising platform, which has seen consistent accumulation in recent days.
Another substantial investment was in Deere & Co (NYSE:DE), with ARK buying 36,812 shares through its ARKK ETF, representing a total dollar value of $17,543,126. This purchase aligns with ARK's strategy of investing in technologically innovative companies, as Deere continues to integrate advanced technologies into its agricultural machinery.
In contrast, ARK divested a significant portion of its holdings in Robinhood Markets Inc (NASDAQ:HOOD) and Roku Inc (NASDAQ:ROKU). ARK sold 266,603 shares of Robinhood and 356,690 shares of Roku, with the transactions valued at $14,905,773 and $30,240,177, respectively. The sales suggest a strategic shift away from these companies, which have been under pressure in the market.
ARK's investment in genomic editing continued with the purchase of 70,612 shares of Beam Therapeutics Inc (NASDAQ:BEAM) across its ARKK and ARKG ETFs, totaling $2,017,384. This follows a pattern of recent buys, indicating ARK's confidence in the long-term potential of gene editing technologies.
Other notable trades included the acquisition of 306,168 shares of Iridium Communications Inc (NASDAQ:IRDM) for $8,486,976, and 24,201 shares of Twist Bioscience Corp (NASDAQ:TWST) for $1,097,999, reinforcing ARK's focus on communication and biotech sectors.
Smaller yet strategic buys were made in Ibotta Inc (NASDAQ:IBTA) and PagerDuty Inc (NYSE:PD), with ARK purchasing 8,278 and 44,999 shares valued at $601,727 and $866,680, respectively. These investments highlight ARK's interest in companies that are innovating within their respective fields of mobile savings and digital operations management.
Investors following Cathie Wood's ARK ETFs will continue to monitor these daily trades for insights into the fund's evolving investment strategies and the potential implications for the broader market.
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