Ark Invest, led by Cathie Wood, made some significant trades on Thursday. The most notable was the purchase of over 1.4 million shares in the semiconductor company Quantum-Si Inc (NASDAQ:QSI). The transaction was valued at $3.7 million based on Thursday’s closing price of $2.58.

The Quantum-Si Trade

Ark Invest has been consistently buying shares of Quantum-Si since its listing, with the latest purchase being the largest so far. Quantum-Si, a semiconductor company, has seen a steady rise in its stock price since its listing.

Ark has deployed its healthcare-focused Ark Genomic Revolution ETF (ARKG) to buy the shares. Quantum-Si is targeting a $21 billion market and believes it has a scalable semiconductor chip that could expand to home testing sometime after the year 2024.

Ark Invest also sold 73,100 shares, worth $977,347 — based on Thursday’s closing price of $13.37, of Kratos Defense & Security (NASDAQ:KTOS) from its ARK Autonomous Technology & Robotics ETF (ARKQ) and ARK Space Exploration & Innovation ETF (ARKX).

See Also: Cathie Wood’s Ark Invest Continues Tesla Selling Spree Despite Stock’s Rise, AI Potential

Other Key Trades:

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