On Wednesday, January 22, 2025, Cathie Wood‘s investment firm Ark Invest made notable trades, significantly increasing its position in Deere & Co.
The Deere & Co Trade
Ark Invest made a substantial purchase of Deere & Co shares, acquiring a total of 400 shares through its ARKQ and ARKX ETFs.
The shares were bought at a closing price of $459.75, resulting in a total investment of approximately $184,000.
Deere & Co has been a focus for Ark as it aligns with its interest in autonomous technologies, as highlighted by its humongous stake in self-driving electric vehicle maker Tesla Inc.
John Deere has been deploying self-driving tractors for a long time and is said to be testing autonomous utlity in trucks as well.
The purchase of Deere & Co shares came on a day they dipped by 0.73% on Wednesday.
Other Key Trades:
- Sold 18,483 shares of Robinhood Markets Inc (HOOD) for approximately $926,000.
- Sold 61,235 shares of Accolade Inc (ACCD) totaling around $422,000.
- Sold 400 shares of Elbit Systems Ltd (ESLT) valued at approximately $122,000.
- Bought 5,053 shares of Absci Corp (ABSI) for about $20,000.