Cathie Wood’s ARK Invest Buys Over 220,000 Shares of Trimble
One of Cathie Wood's Ark Invest funds bought over 220,000 shares of Trimble on June 26.
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One ARK exchange-traded fund run by ETF star Cathie Wood bought over 220,000 shares of Trimble Inc. (NASDAQ: TRMB | TRMB Price Prediction) shares on Friday, as the price of this ETF gained about 0.2% in Friday’s session. This ETF is up significantly in the last year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 222,701 shares of Trimble. At Friday’s closing price this purchase would be valued at roughly $18.0 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 81% in the past year.
Here’s a look at the other trades across the ARK ETFs:
| Fund | Direction | Ticker | Company | Shares |
|---|---|---|---|---|
| ARKG | Buy | IONS | IONIS PHARMACEUTICALS INC | 112,462 |
| ARKG | Buy | PATH | UIPATH INC | 136,859 |
| ARKG | Buy | QSI | QUANTUM-SI INC | 127,754 |
| ARKG | Sell | PSTI | PLURISTEM THERAPEUTICS INC | 95,001 |
| ARKK | Buy | PATH | UIPATH INC | 83,349 |
| ARKK | Buy | TRMB | TRIMBLE INC | 222,701 |
| ARKQ | Sell | GLEO | GALILEO ACQUISITION CORP | 818 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
