On Tuesday, January 14, 2025, Cathie Wood‘s investment firm Ark Invest made significant moves in the biotech sector, notably increasing its stake in Illumina Inc.
The Illumina Trade Ark Invest’s ARKG and ARKK funds collectively acquired 11,535 shares of Illumina Inc (NASDAQ: ILMN) on Tuesday. The shares closed at $136.48, valuing the purchase at approximately $1.57 million.
Ark’s purchase of Illumina shares follows a pattern of increasing their holdings in companies positioned at the forefront of biotech innovations. Illumina, known for its genomic sequencing technologies, is a key player in this space, making it a fitting choice for Ark’s growth-oriented investment strategy.
Other Key Trades:
- Sold 5,489 shares of Reddit Inc, valued at $904,000, from the ARKF fund.
- Bought 10,087 shares of Ibotta Inc for approximately $683,000, also under the ARKF fund.
- Divested 5,179 shares of Adaptive Biotechnologies Corp, amounting to $31,000, through the ARKG fund.
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