In the world of exchange-traded funds, Cathie Wood’s ARK ETFs stand out for their focus on disruptive innovation. The latest daily trades for Friday, 05 July 2024, indicate a continued interest in the biotech sector, with significant purchases and sales that may interest investors.
Topping the list with the highest dollar-value trade, ARK invested $1,518,073 in Intellia Therapeutics Inc (NASDAQ:), acquiring a total of 66,147 shares across its ARKK and ARKG ETFs. This move underscores ARK’s growing stake in the gene-editing company, aligning with previous days’ activities that have seen consistent buying.
On the other end of the spectrum, ARK sold 3,577 shares of the electric vehicle giant Tesla Inc (NASDAQ:) through its ARKW ETF, totaling $881,337. This sale is part of a trend, as ARK has been reducing its position in Tesla over the past few days.
Another significant transaction…
