Cathie Wood’s ARK Invest ETFs have published their daily trades for Friday, May 24th, 2024, revealing a mix of significant buys and sells that may indicate strategic shifts in their portfolio. Continuing a recent trend, ARK has increased its stake in PayPal Holdings Inc (NASDAQ:), purchasing 54,210 shares, making it the largest dollar-value trade of the day at $3,338,251. This move comes after a similar acquisition on Thursday, signaling a growing confidence in the digital payments company.
Conversely, ARK made a substantial sell-off of Teladoc Health Inc (NYSE:NYSE:) stock, parting with 399,982 shares valued at $4,579,793. This trade follows a pattern of reducing exposure to Teladoc, as ARK has consistently sold shares of the telemedicine company over the past week.
Another notable trade was the purchase of 44,730 shares of Adaptive Biotechnologies Corp (NASDAQ:) through the…
