On Monday, February 3, 2025, Cathie Wood-led Ark Invest executed notable trades, including a significant divestment from Lockheed Martin Corp (NYSE: LMT) and a substantial investment in defense-sector peer L3Harris Technologies Inc (NYSE: LHX).
Ark Invest’s ARKQ ETF sold 15,995 shares of Lockheed Martin Corp (NYSE: LMT) on Monday. With the stock closing at $455.42, the sale amounts to approximately $7.3 million.
In contrast, Ark Invest’s ARKQ ETF purchased 32,680 shares of L3Harris Technologies Inc (NYSE: LHX), valued at approximately $7 million with the closing price at $212.78.
L3Harris was formed as a result of a merger between L3 Technologies and Harris Corp in 2019 and is on of the top U.S. government contractors.
Other Key Trades:
- Sold 80,788 shares of Accolade Inc (NASDAQ: ACCD), valued at approximately $561,000.
- Sold 2,716 shares of Reddit Inc (NASDAQ: RDDT), totaling around $549,000.
- Bought 30,091 shares of Absci Corp (NASDAQ: ABSI), worth about $111,000.
- Sold 4,394 shares of Adyen NV (OTC: ADYEY), valued at roughly $70,000.
- Bought 22,067 shares of Iridium Communications Inc (NASDAQ: IRDM), totaling around $626,000.