Cathie Wood’s ARK Invest Purchases Tempus AI Stock and Sells Roku

Cathie Wood’s ARK ETF shared its daily trades for Thursday, October 3rd, 2024, highlighting strategic actions in the technology and innovation sectors. A notable move was the purchase of 21,617 shares of Tempus AI Inc, amounting to $1,107,871. This acquisition reflects increasing confidence in the artificial intelligence company, with ARK steadily boosting its position in Tempus AI in recent days.

Conversely, the ARK ARKW ETF sold 18,087 shares of Roku Inc, totaling $1,341,693. This transaction marks a significant shift in ARK’s investment approach regarding the streaming device manufacturer, representing the largest dollar-value trade of the day and continuing a trend of divesting from Roku stock.

Another significant transaction involved Blade Air Mobility Inc, specializing in urban air mobility solutions. ARK acquired a total of 66,555 shares across its ARKQ and ARKX ETFs, investing $219,631. This purchase aligns with ARK’s ongoing trend of increasing its holdings in Blade Air Mobility, as evidenced by recent trading activity.

Additionally, ARK’s ARKQ ETF purchased 12,843 shares of 3D Systems Corp for $36,217, reinforcing its commitment to the 3D printing sector. In contrast, the ARKX ETF sold 35,944 shares of JD Logistics Inc, garnering $66,665.

Other trades included a small divestment from Materialise NV, with 100 shares sold for $513, and a more substantial sale of 2,036 shares of Rocket Lab USA Inc for $19,769. The ARKQ ETF also sold 735 shares of Taiwan Semiconductor Manufacturing Co Ltd for $129,213, while both ARKQ and ARKW ETFs combined sold 200 shares of Vuzix Corp for a modest $218.

These transactions demonstrate ARK’s ongoing portfolio adjustments, as the fund balances increases in companies like Blade Air Mobility and Tempus AI with reductions in investments in Roku and JD Logistics. Investors tracking Cathie Wood’s ARK ETFs are likely to monitor these developments closely to understand the fund’s shifting investment strategy.