Cathie Wood’s ARK ETFs showed significant activity in the stock market on Friday, June 28th, 2024. One notable trade was the purchase of 121,499 shares of PagerDuty Inc, valued at around $2,765,317, indicating a bullish stance on the company. ARK also invested in 282,804 shares of 10X Genomics Inc, totaling $5,613,659, showcasing their confidence in the genomic analysis company’s growth potential. Additionally, ARK continued to buy shares of Absci Corp, adding 143,573 shares to its ARKG ETF, focusing on disruptive innovation in the health care sector.
On the selling side, ARK offloaded 25,221,264 shares of Ginkgo Bioworks Holdings Inc for $7,798,414, continuing a trend of reducing their position in the company. They also sold 3,279 shares of Coinbase Global Inc for $734,496, trimming their stake in the cryptocurrency exchange platform.
Other trades included the purchase of shares in Adaptive Biotechnologies Corp, Blade Air Mobility Inc, and Markforged Holding Corp, as well as the sale of shares in Velo3D Inc. These trades provide insights into ARK’s strategic direction and conviction in various sectors of the market. Investors following Cathie Wood’s ARK ETFs will be keen on observing these transactions.