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Cathie Wood’s ARK buys Qualcomm and 10X Genomics stock

Published 30/01/2025, 02:06
© Reuters.
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Cathie Wood’s ARK ETFs have made their daily trades public for Wednesday, 29 January 2025, showcasing a series of strategic moves in the tech and biotech sectors. The most significant purchase was in 10X Genomics Inc (NASDAQ:TXG), where ARK invested a substantial $3,666,800 across its ARKK and ARKG ETFs, buying a total of 247,089 shares. This move amplifies ARK’s recent accumulation trend in 10X Genomics, reflecting Wood’s confidence in the genomics company.

Another notable transaction involves the acquisition of 7,068 shares of Qualcomm Inc (NASDAQ:QCOM) by the ARKW ETF, amounting to $1,212,515. This purchase comes on the heels of consistent buying activity in Qualcomm stock by ARK over the past week, indicating a bullish stance on the semiconductor giant.

On the sell side, ARK divested from several companies, with the largest sale being 19,003 shares of Roblox Corp (NYSE:RBLX) from the ARKK ETF, totaling $1,300,375. This continues a selling trend for Roblox observed in recent days. ARK also reduced its holdings in Accolade Inc (NASDAQ:ACCD), letting go of 102,498 shares through ARKG ETF for a total value of $705,186. This follows a pattern of selling Accolade shares over the past week, signaling a potential shift in strategy regarding the healthcare technology firm.

Further shedding of positions included 61,169 shares of Archer Aviation Inc (NYSE:ACHR) through the ARKK ETF, valued at $560,308, and a smaller sale of 3,200 shares of Nu Holdings Ltd (NYSE:NU) via the ARKW ETF for $40,448. Additionally, ARKQ ETF parted with 3,400 shares of Rocket Lab USA Inc (NASDAQ:RKLB), cashing in $98,531.

These transactions reflect ARK’s dynamic investment approach, constantly adapting to market conditions and technological advancements. Investors closely monitor Cathie Wood’s ARK ETFs for insights into future trends and shifts in the innovative sectors ARK targets.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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