On Friday, January 24, 2025, Cathie Wood‘s Ark Invest made notable trades by shedding a significant portion of its holdings in Elbit Systems Ltd and boosting its stake in Cameco Corp.
The Elbit Systems Trade: Ark Invest executed a substantial divestment from the Israeli military technology company, selling a total of 1,340 shares across its ARKQ and ARKX ETFs.
This move follows a similar transaction on Thursday, where Ark had already reduced its position in Elbit Systems.
The shares were sold at a closing price of $301.07 on Friday, resulting in a total sale value of approximately $403,000.
The Cameco Trade: In contrast, Ark Invest increased its investment in Cameco Corp, acquiring 1,500 shares through its ARKQ ETF.
The shares were purchased at a closing price of $56, amounting to a total investment of about $84,000.
Cameco, a prominent player in the uranium production industry, has been a focus for Ark as it looks to capitalize on the growing demand for clean energy solutions.
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