In the latest series of trades from Cathie Wood’s ARK ETFs, investors witnessed a mix of buying and selling across various sectors for Wednesday, 22 January 2025. The most significant move was the sale of Robinhood Markets Inc (NASDAQ:HOOD) shares, as ARK’s ARKW ETF offloaded 18,483 shares, amounting to a substantial dollar value of $924,150.
Another notable transaction was the purchase of Deere & Co (NYSE:DE) stock, with a combined acquisition of 400 shares through ARKQ and ARKX (NYSE:ARKX) ETFs, reaching a total investment of $185,259. This buy reflects a continued interest in the heavy machinery company, following a trend from previous trading sessions where ARK bought 3,474 shares on Tuesday, 21 January.
ARK’s activity also included a sale of Accolade Inc (NASDAQ:ACCD) stock, continuing a sell-off trend from last week. The ARKG ETF sold 61,235 shares of ACCD, which amounted to $421,296. This follows a series of sales of the same stock, including a massive sell of 466,337 shares the day before, hinting at a strategic move away from the health technology company.
On the smaller end of the scale, ARK ETFs made a purchase of ABSCI Corp (NASDAQ:ABSI) shares, buying 5,053 shares for $16,270 through ARKG. This follows a more significant buy of 79,411 shares on Tuesday, indicating a build-up in their position in the biotech firm.
Elbit Systems Ltd (NASDAQ:ESLT) also saw a reduction in ARK’s holdings, with a sale of 400 shares split between ARKQ and ARKX ETFs, totaling $123,080. This sale aligns with a previous trend of reducing exposure to the defense electronics company, as seen on Tuesday with the sale of 2,701 shares.
Investors following Cathie Wood’s ARK ETFs are observing a pattern of strategic buys and sells, with a clear focus on specific industries and companies. The consistent accumulation and divestment moves provide insights into ARK’s evolving investment strategies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.