Cathie Wood’s ARK Sells Roku and Reduces Holdings in Butterfly and Materialise

Cathie Wood’s ARK ETFs have disclosed their daily trades for Friday, September 27th, 2024, revealing a notable reduction in holdings of Roku Inc. The investment firm, recognized for its focus on disruptive technologies, sold a total of 9,547 shares of Roku through its ARKW ETF, translating to $703,613.

Continuing a recent trend, ARK has also been decreasing its stake in Butterfly Network Inc. The ARKG ETF disposed of 24,593 shares, valued at $37,381. This follows a pattern from earlier in the week when ARK sold shares of Butterfly Network, indicating a potential shift in investment strategy regarding the medical imaging company.

Materialise NV also saw a sell-off, with the ARKQ ETF divesting 18,245 shares for a total of $96,151. This aligns with a broader trend of ARK moving away from Materialise, as evidenced by transactions from the previous days.

In smaller trades, ARK sold 50 shares of Mynaric AG through its ARKX ETF for a modest $70, and a combined 244 shares of Vuzix Corp through ARKQ and ARKW ETFs, totaling $280.

These daily trade updates provide investors with insights into the strategic changes Cathie Wood’s ARK ETFs are making in their portfolios, shedding light on the evolving landscapes of innovative and disruptive industries. As ARK continues to modify its holdings, market observers and investors will be eager to track these developments for broader sector implications.

This article was generated with the assistance of AI and reviewed by an editor.