Cathie Wood’s ARK ETF adjusts holdings with key stock trades By Investing.com

Cathie Wood’s ARK ETF has published their daily trades for Friday, July 26th, 2024, with a mix of buy and sell actions that reflect the fund’s ongoing strategy adjustments. The most significant transaction of the day involved the sale of CAREDX INC (NASDAQ:CDNA) shares, with ARK’s Genomic Revolution ETF (ARKG) offloading 41,391 shares, resulting in a total value of $781,048.

Following this, ARK continued to reduce its stake in TELADOC HEALTH INC (NYSE:TDOC), selling 10,323 shares through two of its ETFs, ARKK and ARKG, for a combined value of $95,487. This move is consistent with ARK’s recent trend of trimming its position in TDOC, which has been observed over the past week.

In a smaller transaction, ARK parted with 8611 shares of VELO3D INC (NYSE:VLD) across its ARKQ and ARKX ETFs, totaling $24,627. The sale of UIPATH INC (NYSE:PATH) was also on the agenda, with 582 shares sold through ARKG for a modest $7,100.

On the buying side, ARK’s Genomic Revolution ETF (ARKG) picked up 3,045 shares of TEMPUS AI INC (NYSE:TEM), a company focused on artificial intelligence in healthcare, for a value of $121,860. This purchase adds to the significant investment ARK made in TEMPUS AI just the day before, indicating a growing interest in the company’s prospects.

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