Renowned investor Cathie Wood, chief executive of Ark Investment Management, continued her recent pattern on Tuesday, buying biotechnology stocks, a spectrometry stock, a 3D printer maker and a robotics software stock.
She also sold a financial technology stock. (All ratings below are as of Tuesday’s close.)
Ark Genomic Revolution ETFARKG) – Get the ARK Genomic Revolution ETF Report which bought 119,876 shares of biotech company Personalis (PSNL) – Get the Personalis, Inc. report worth $890,679.
Ark Genomic Revolution snapped up 100,007 shares in spectrometry company 908 Devices (DIMENSIONS) valued at $1.9 million.
Spectrometry has applications in the detection of chemicals, explosives, and illegal 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 of nearly $56, set nearly a year ago.
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Ark funds bought 76,301 shares of biotech company Invitae (NVTA) – Get the Invitae Corp. report worth $534,107.
Ark Fintech Innovation ETF (ARKF) – Get the ARK Fintech Innovation ETF report, which scoops 67,417 shares in robotics software company UiPath (AWAY) – Get UiPath Inc’s $1.3M Class A Report. Ark funds bought 50,880 shares of 3D printer maker Stratasys (SSYS) – Get the report from Stratasys Ltd. valued at $1.1 million.
And Ark Fintech Innovation sold 122,897 shares of online lending marketplace LendingClub (LC) – Get the $1.7 million LendingClub Corp report.
Wood recently sold Twitter TWTR shares, including on Monday. She told CNBC Tuesday that regardless of whether Tesla (TSLA) – Get Tesla Inc Report CEO Elon Musk joins microblogging provider’s board, Twitter will face ‘a lot of management distractions’
It must balance its advertising model against the need to monitor content in the self-proclaimed global city square, Wood said. Musk was expected to join the board but ultimately decided against it.
“Maybe the model isn’t about advertising, maybe it’s about subscriptions,” said Wood, whose Ark still owns a 1.8% stake in the group, compared to Musk’s 9.1% stake.
“One thing is certain [Musk’s] Keep in mind that it shouldn’t contain censorship. And I think he feels very strong about it.”