Cathie Wood’s ARK Sold Roku Stock and Reduced Stakes in Butterfly and Materialize From Investing.com

Cathie Wood’s ARK ETFs have released their daily trading activity for Friday, September 27, 2024. The position was in Roku Inc (NASDAQ:) reduced the most. The investment firm known for its focus on disruptive technologies sold a total of 9,547 Roku shares through its ARKW ETF, valued at $703,613.

In a continuing development, ARK continued to reduce its stake in Butterfly Network Inc (NYSE:BFLY). The ARKG ETF sold 24,593 shares worth $37,381. This continues a trend from previous days, as ARK already sold Butterfly Network shares on Wednesday and Thursday. This step could indicate a strategic realignment regarding the medical technology company.

Materialize NV (NASDAQ:MTLS) was also affected by selling. The ARKQ ETF sold 18,245 shares for a total of $96,151. This transaction follows ARK’s recent sales of Materialize shares earlier in the week.

In smaller transactions, ARK sold 50 shares of Mynaric AG (NASDAQ:MYNA) through its ARKX ETF for $70 and a total of 244 shares of Vuzix Corp (NASDAQ:VUZI) through the ARKQ and ARKW ETFs for a combined $280.

These daily trading reports guarantee investors insight into the strategic adjustments of the ARK ETFs. They provide valuable insights into the changing landscapes of innovative and disruptive industries. As ARK continues to rebalance its portfolios, market watchers and investors will be closely monitoring these developments to understand the broader implications for affected sectors.

This translation was created using artificial intelligence. For further information, please see our Terms of Use.