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Cathie Wood’s ARK sells Rocket Lab, buys Intellia stock
Cathie Wood’s ARK ETFs have made significant trades, selling 50,312 shares of Rocket Lab Corp (RKLB) for over $4 million and continuing a pattern of divestment from the aerospace company. Concurrently, ARK made a substantial investment in Intellia Therapeutics Inc (NTLA), acquiring 263,848 shares valued at nearly $3.6 million, indicating a strong interest in gene-editing. Additionally, ARK sold 13,806 shares of Iridium Communications Inc (IRDM), marking a continued reduction in that holding as ARK reallocates investments towards emerging technologies and innovation.