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Cathie Wood’s ARK ETFs conducted a series of trades on Friday, August 22, 2025, with the most significant transactions involving the sale of Shopify Inc (NYSE:NASDAQ:SHOP) and Coinbase Global Inc (NASDAQ:COIN) shares, and the purchase of additional shares in PagerDuty Inc (NYSE:PD).
The ARK Web x.0 ETF (ARKW) offloaded a total of 8,476 shares of e-commerce giant Shopify, amounting to approximately $1,158,499. This move comes after a similar sale earlier in the week, indicating a possible strategic shift away from Shopify by the fund. In another notable sale, ARKW also divested 3,769 shares of cryptocurrency exchange platform Coinbase, totaling $1,131,755 in value.
Despite these sales, ARK appears to be bolstering its position in PagerDuty, an incident management platform, as the ARK Innovation ETF (NYSE:ARKK) added 10,150 shares worth $160,268 to its holdings. This acquisition is part of a continuing trend, with ARKK having bought substantial amounts of PagerDuty stock in the preceding days, suggesting a growing confidence in the company’s prospects.
On a smaller scale, ARKK also sold 959 shares of precision oncology company Guardant Health Inc (NASDAQ:GH), with a total dollar value of $58,767.
The latest trades by ARK ETFs reflect an ongoing strategy of readjusting their portfolio, with a clear focus on companies that align with their vision of disruptive innovation. Investors and market watchers will be keen to see how these adjustments play out in the dynamic landscape of technology and innovation-driven stocks.
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