Cathie Wood-led investment firm Ark Invest on Monday snapped up shares in 3D Systems Corp DDD and Nano Dimension Ltd NNDM, further lifting its exposure in the 3D printing sector.
Ark Invest bought 138,600 shares — estimated to be worth about $4.18 million — in 3D Systems Corp on the day shares of the company rose 0.47% higher at $30.13.
3D System Corp shares rose 21% in a single session earlier this month after the company reported better-than-expected second-quarter sales and earnings
See Also: Pinduoduo, Alibaba, JD, Pfizer — These Are Cathie Wood's Key Trades From Friday
The New York-based Ark Invest bought the shares in 3D Systems Corp via the Ark Autonomous Technology & Robotics ETF ARKQ. Ahead of Monday’s trade, ARKQ held 2.68 million shares, worth $80.47 million, in 3D Systems.
Shares of the company, which is also part of Ark's 3D Printing ETF PRNT — an ETF dedicated to the 3D printing industry — have risen about 9% so far this year.
The popular investment firm also snapped up 534,575 shares — estimated to be worth $3.28 million — in Nano Dimension.
Nano Dimension shares closed 0.99% higher at $6.13 on Monday.
ARKQ held 7.07 million shares, worth $42.95 million shares in Nano Dimension ahead of Monday’s trades.
See Also: Cathie Wood Sells Another $6.8M In 3D Printing Marketplace Shapeways' SPAC
Here are some of the other key trades for Ark on Monday:
- Bought 91,400 shares — estimated to be worth about $4.27 million — in Pfizer Inc (NYSE: PFE). Shares of the pharma company closed 0.34% higher at $46.76 on Monday.
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Bought 115,515 shares — estimated to be worth about $11.72 million — in Peloton Interactive Inc PTON. Shares of the company closed 2.74% lower at $101.48 on Monday.
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Sold 4,808 Class C shares — estimated to be worth about $13.99 million — of Alphabet Inc GOOG GOOGL. GOOG shares closed 0.64% higher at $2,909.39 on Monday.
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Shed 15,089 shares in Alibaba Group Holding BABA, while continuing to pile up shares in JD.com Inc JD and Pinduoduo Inc PDD.
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