Pinnacle financial director Thompson buys $856k in shares
Cathie Wood’s ARK ETFs have disclosed their daily trades for Friday, May 16th, 2025, with a series of buys and sells that continue to shape their innovative investment portfolios. Leading the day’s activity, ARK made a notable investment in Intellia Therapeutics Inc (NASDAQ:NTLA), purchasing a total of 33,234 shares across two funds, ARKK and ARKG, for a combined value of $268,198. This move underscores ARK’s ongoing interest in the biotech sector and particularly in companies involved in gene editing.
Another significant buy was in Nextdoor Holdings Inc (NYSE:KIND), with ARK’s ARKW ETF acquiring 120,461 shares, valued at $173,463. The investment follows a trend as ARK has been consistently increasing its stake in the neighborhood social networking service, with purchases made on the previous two trading days as well.
ARK also added to its position in Blade Air Mobility Inc (NASDAQ:BLDE), buying 22,400 shares through its ARKX (NYSE:ARKX) ETF, amounting to $76,384. This trade builds on consecutive buys in the urban air mobility company over the past week, signaling a bullish stance on the future of short-distance air travel.
On the sell side, ARK reduced its holdings in Block Inc (NYSE:XYZ), offloading 4,977 shares via its ARKW ETF, totaling $283,738. This sale continues a pattern of ARK divesting from the financial services company, with similar transactions recorded in the preceding days.
The only other sale reported was of Adaptive Biotechnologies Corp (NASDAQ:ADPT), with ARK’s ARKG ETF selling 20,769 shares for a total of $185,051. This follows a comparable sale from the previous Friday, suggesting a strategic move away from the biotech company’s stock.
Investors following ARK’s trades will notice a consistent pattern in the fund’s strategy, with a focus on innovative companies in the biotech, technology, and mobility sectors. The varying buy and sell orders reflect ARK’s dynamic approach to portfolio management, adapting to market conditions while keeping an eye on future trends.
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