Cathie Wood’s ARK buys Tempus AI shares, sells Palantir and Roblox By Investing.com

Cathie Wood’s ARK ETFs have disclosed their daily trades for Wednesday, September 25, 2024, showing another active trading day for the investment firm known for its focus on disruptive innovation. The largest transaction of the day was the purchase of 61,157 shares of AI company Tempus AI Inc (NASDAQ:TEM) valued at $3,132,461. This purchase underscores ARK’s growing interest in Tempus AI, after 16,234 shares were already purchased on Wednesday of the previous week.

On the sell side, ARK reduced its position in Palantir (NYSE:) Technologies Inc (NYSE:PLTR) by 62,809 shares, representing a sales value of $2,317,652. This move continues the trend that was already evident earlier in the week, when ARK sold small amounts of Palantir shares. Another notable sale involved Roblox Corp (NYSE:NYSE:) with 28,093 shares for a total of $1,323,461, continuing the pattern of dumping Roblox shares over the past few days.

In addition, ARK disposed of 9,507 shares of streaming provider Roku Inc (NASDAQ:ROKU) from its ARKW ETF, valued at $725,954. This transaction follows the continuous reduction of Roku holdings that was already observed in the previous days.

Smaller sales included 22,698 shares of Butterfly Network Inc (NYSE:BFLY) for $37,224, continuing ARK’s selling streak on the stock. ARK also reduced its exposure to Materialise NV (NASDAQ:MTLS) by selling 7,525 shares for $39,732.

On the buy side, ARK acquired 30,414 shares of Blade Air Mobility Inc (NASDAQ:BLDE) valued at $90,937 via its ARKX ETF. This acquisition complements the previous day’s purchase and indicates an expansion of the position in the provider of urban air mobility services.

In the smaller transactions, ARK sold 150 shares of Mynaric AG (NASDAQ:MYNA) for just $202 and 497 shares of Veeva Systems Inc (NYSE:VEEV) for a total of $103,331. In addition, the sale of Vuzix Corp (NASDAQ:VUZI) was split between the ARKQ and ARKW ETFs, with a total of 2,580 shares being sold for a total value of $2,580.

Investors keeping an eye on Cathie Wood’s ARK ETFs will note the firm’s ongoing portfolio adjustments, which more broadly reflect ARK’s strategy to capitalize on market dynamics and capitalize on long-term growth opportunities in innovative sectors.

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