Cathie Wood’s ARK ETFs focus on 3D Systems, rise in Roblox by Investing.com

In the most recent trading session, Cathie Wood’s ARK ETFs made a series of transactions that are raising eyebrows among investors. On Thursday, September 19, 2024, the firm’s exchange-traded funds made significant shifts in their investment portfolios.

The most notable trade was ARK’s sale of 10,127 shares of ROBLOX CORP (NYSE:RBLX), with a total value of $458,550. This move could be due to ARK’s changing view of the online platform stock, as it is the largest transaction of the day in terms of value.

In contrast, ARK showed increased interest in 3D printing technology. This was reflected in the purchase of 81,050 shares of 3D SYSTEMS CORP (NYSE:DDD), split between the ARKQ and ARKX ETFs, with a total value of $209,919. This purchase is particularly notable as it continues a trend that has seen ARK increase its position in DDD in previous days.

Another significant sell involved PALANTIR TECHNOLOGIES INC (NYSE:PLTR), with ARK purchasing 7,161 shares for a total of $260,517. This continues the selling trend from the prior period and indicates a strategic reduction in exposure to the data analytics company.

Other sales included 426 shares of ANSYS INC (NASDAQ:ANSS) for $133,504 and 14,900 shares of MATERIALISE NV (NASDAQ:MTLS) for $76,437, both through the ARKQ ETF. These smaller transactions were part of daily portfolio adjustments.

ARK also sold 22,892 shares of BUTTERFLY NETWORK INC (NYSE:BFLY) for $43,723 via the ARKG ETF, continuing the recent selling trend for BFLY.

Other transactions include the sale of 2,500 shares of MYNARIC AG (NASDAQ:MYNA) for $2,725 and 4,096 shares of 3D PRINTING ETF (BATS:PRNT) for $81,797, both through the ARKX ETF. These moves reflect ARK’s continuous adjustment of exposures in various sectors.

Investors and market observers continue to follow the activities of Cathie Wood’s ARK ETFs with great interest to gain insight into the firm’s strategic direction and potential market impact. With its focus on innovative and disruptive technologies, ARK’s trading decisions provide insight into investment trends that could shape the future.

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