Cathie Wood’s ARK ETF focuses on PagerDuty, 10X Genomics stock By Investing.com

Cathie Wood’s ARK ETFs have made notable moves in the stock market on Friday, June 28th, 2024, with significant trades across a range of companies. The largest dollar-value trade was the purchase of 121,499 shares of PagerDuty Inc (NYSE:), valued at approximately $2,765,317. This move indicates a strong bullish stance on the company, as ARK also bought shares of PagerDuty in the previous trading sessions, suggesting a trend of accumulation.

Another significant trade was the investment in 282,804 shares of 10X Genomics Inc (NASDAQ:TXG), totaling $5,613,659. ARK’s consistent interest in this stock over recent days highlights their confidence in the genomic analysis company’s growth potential.

ARK also continued to buy shares of Absci Corp (NASDAQ:ABSI), adding 143,573 shares to its ARKG ETF, following consistent purchases throughout the past week. This trend reflects ARK’s strategy of investing in disruptive innovation within the health care sector.

In contrast, ARK made substantial sales, including the offloading of 25,221,264 shares of Ginkgo Bioworks Holdings Inc (NYSE:NYSE:) for a staggering $7,798,414. This continues a pattern of selling for Ginkgo Bioworks, as ARK has reduced its position in the company across multiple trading days.

Additionally, ARK sold 3,279 shares of Coinbase Global Inc (NASDAQ:) through its ARKW ETF, with the total dollar value of the sale amounting to $734,496. The sale is part of a series of recent transactions trimming their stake in the cryptocurrency exchange platform.

Other daily trades included the purchase of 16,186 shares of Adaptive Biotechnologies Corp (NASDAQ:) and the acquisition of 6,073 shares of Blade Air Mobility Inc (NASDAQ:). Furthermore, ARK bought 35,400 shares of Markforged Holding Corp (NYSE:MKFG) and sold a smaller quantity of 1,100 shares of Velo3D Inc (NYSE:NYSE:).

Investors following Cathie Wood’s ARK ETFs will likely be paying close attention to these trades, as they can signal the fund’s strategic direction and conviction in various sectors of the market.

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