Cathie Wood’s ARK sells Palantir shares and increases stake in 3D Systems By Investing.com

Cathie Wood’s ARK ETFs have disclosed their trading transactions for Friday, September 20, 2024. This showed significant activity on both the buy and sell side in various sectors. The most significant transaction was the sale of Palantir (NYSE:) Technologies Inc (NYSE:PLTR) shares: The ARKK ETF parted with 16,053 shares valued at around $591,232. This move continues the downward trend for Palantir, as ARK had already reduced its position in the company the previous week.

On the buy side, ARK showed a strong interest in 3D printing technology. A total of 4,614 shares of 3D Systems Corp (NYSE:NYSE:) were purchased, split between the ARKQ and ARKX ETFs, with a total value of $12,088. This fits in with a consistent pattern of accumulation of 3D Systems shares, with ARK having already bought significant amounts in the previous days – most notably the purchase of 540,534 shares on Tuesday, September 17th.

Another notable purchase was the acquisition of 41,395 shares of Markforged Holding Corp (NYSE:MKFG) spread across the ARKQ and ARKX ETFs, with a total value of $85,687. This purchase indicates ARK’s growing interest in the industrial 3D printing company.

At the same time, ARK sold 377 shares of Intuitive Surgical Inc (NASDAQ:ISRG) through the ARKQ ETF for a total value of $184,733 and 528 shares of Roblox Corp (NYSE:RBLX) through the ARKK ETF for a total value of $24,446. Both sales continue the trend of divestment in this company that was already evident in the previous trading days.

The smallest transaction of the day involved the sale of 800 shares of Mynaric AG (NASDAQ:MYNA) via the ARKX ETF for a total value of just $1,023. This sale fits into a broader trend of ARK reducing positions in the aerospace company.

In summary, Cathie Wood’s ARK ETFs are actively rebalancing their portfolio, with a clear focus on Palantir Technologies’ statement and increased investment in 3D Systems, while also adjusting positions in other technology and innovation-focused companies. Investors who follow ARK’s trading moves will be closely watching these strategic shifts as Wood’s team navigates the ever-changing market landscape.

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