On Friday, Cathie Wood-led Ark Invest made substantial trades, notably in Archer Aviation Inc. (NYSE:ACHR), Kratos Defense and Security Solutions Inc. (NASDAQ:KTOS), and Nextdoor Holdings Inc. (NYSE:KIND).
The ACHR Trade: Ark Invest’s ARK Innovation ETF (BATS:ARKK), ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), and ARK Space Exploration & Innovation ETF (BATS:ARKX) collectively purchased a total of 3,317,807 shares of Archer Aviation Inc.
Based on the closing price of the day, the value of the trade stands at around $33.14 million.
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The KTOS Trade: On the same day, Ark Invest’s ARKQ and ARKX sold a total of 46,941 shares of Kratos Defense and Security Solutions Inc.
The value of this trade, calculated based on the closing price, is approximately $1.96 million.
The KIND Trade: Ark Invest's ARK Next Generation Internet ETF (BATS:ARKW) bought 200,137 shares of Nextdoor Holdings Inc. This trade comes after Ark Invest’s recent acquisition of 300,387 shares of Nextdoor Holdings Inc, indicating a growing interest in the company.
The value of this trade, calculated from the closing price, is around $304 thousand.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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