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The trades spanned ARK’s actively managed ETFs, with some positions appearing across more than one fund.
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ARK Innovation ETF pared its stake in four prominent companies, namely, Palantir, Alphabet, Shopify, and Cloudflare.
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The buying activity was concentrated in ARKG, where Ark added positions across a group of biotechnology companies rather than concentrating its purchases in a single stock.
Cathie Wood-led Ark Invest made a series of portfolio adjustments on Friday, trimming several technology and growth names while adding to a handful of biotechnology holdings.
The trades spanned ARK’s actively managed ETFs, with some positions appearing across more than one fund. The activity included changes to both established holdings and smaller healthcare-focused names.
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