Popular investor Cathy Wood, CEO of Ark Investment Management, on Tuesday continued its recent patterns, buying up biotech stocks, spectrometry stocks, a 3D printer maker and a stock of robotics.
It also sold fintech stocks. (All ratings below are as of Tuesday’s close.)
Ark Genomic Revolution ETF (ARKG) – Get the ARK Genomic Revolution ETF Report Bought 119,876 shares of biotechnology company Personalis (PSNL) – Get your Personalis, Inc. report.valued at $890,679.
Ark Genomic Revolution grabbed 100,007 shares of the spectrometer company 908 devices (Collective) valued at $1.9 million.
Spectrophotometry has applications in the detection of chemicals, explosives and prohibited drugs as well as in medicine and other fields.
908 Devices, Boston, went public in December 2020. The stock is currently trading at about a third of its 52-week high near $56, set about a year ago.
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Ark Fund acquired 76,301 shares in biotech company Invitae (NVTA) – Get Invitae Corp . reportvalued at $534,107.
Ark Fintech Innovation ETF (ARKF) – Get the ARK Fintech Innovation ETF Report It acquired 67,417 shares of UiPath robotics company (road) – Get a UiPath Inc Class A . report, valued at $1.3 million. Ark Funds has bought 50,880 shares in 3D printer maker Stratasys (SSYS) – Get a Stratasys Ltd. report.valued at $1.1 million.
Ark Fintech Innovation has sold 122,897 shares of LendingClub on the online lending market (LC) – Get a LendingClub company reportvalued at $1.7 million.
Wood recently sold shares of Twitter TWTR, including on Monday. She told CNBC Tuesday that regardless of whether it’s Tesla (TSLA) – Get a Tesla Inc . report CEO Elon Musk is joining the microblogging provider’s board of directors, and Twitter will face “a lot of administrative distractions.”
Wood said it has to balance its advertising model against the need to monitor content in the self-proclaimed International City Square. Musk was appointed to join the board of directors but ultimately decided to turn him down.
“Maybe the model isn’t right for advertising, maybe it’s about subscription,” said Wood, whose Ark still holds a 1.8% stake in the group, compared to Musk’s 9.1% stake.
“One thing is for sure [Musk’s] The reason is that it should not include censorship. And I think he feels very strongly about that.”