Cathie Wood’s ARK ETF published their daily trades for Thursday, June 6th, 2024, with a series of notable buy and sell actions that could signal shifting strategies for the high-profile fund manager. Leading the day’s activity, ARK’s ARKW ETF invested heavily in Inc (NASDAQ:), purchasing 53,368 shares valued at approximately $9.67 million. This move comes as ARK appears to be reinforcing its bet on the e-commerce giant.

On the sell side, ARK’s ARKW ETF parted with 14,121 shares of ServiceNow Inc (NYSE:NYSE:), a cloud computing company, in a transaction worth nearly $9.94 million. This sell-off represents one of the largest single-stock value trades for the day from the ARK funds.

The daily report also showed a sale of 67,154 shares of Exact Sciences Corp (NASDAQ:) across two ETFs, ARKK and ARKG, for a combined value of about $3.06 million. This continues a trend seen in recent days, indicating that ARK may be reducing its position in the diagnostics company.

Meanwhile, ARK’s ARKK and ARKG ETFs bought a significant stake in Intellia Therapeutics Inc (NASDAQ:), adding 137,139 shares worth roughly $3.17 million. This purchase aligns with ARK’s known focus on innovative biotech firms and follows a pattern of accumulating Intellia shares over the past week.

PagerDuty Inc (NYSE:NYSE:) also saw increased interest from ARK, with 131,026 shares acquired across ARKK and ARKW ETFs, totaling approximately $2.54 million. This investment in the digital operations management platform adds to a growing position in recent days.

Other notable purchases included smaller stakes in Beam Therapeutics Inc (NASDAQ:BEAM), Markforged Holding Corp (NYSE:MKFG), Reddit Inc (NASDAQ:RDDT), Veracyte Inc (NASDAQ:), and Verve Therapeutics Inc (NASDAQ:VERV), with total dollar values ranging from $1,406 for Markforged to $267,783 for Veracyte.

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