Spirit Aerosystems, Iridium, Trimble, Unity, Jaws Spitfire And More: These Are Cathie Wood's Key Trades From Friday

Cathie Wood-led Ark Invest on Friday further lowered her exposure in Boeing Co’s BA key supplier Spirit Aerosystems Holdings Inc SPR.

The popular money manager has been sharply lowering exposure in Boeing and its supplier since last week after European budget airline Ryanair Holdings Plc’s RYAAY move to end talks with the planemaker for a potential 737 MAX 10 jet order, worth billions of dollars.

Ark Invest sold a total of 31,086 shares — estimated to be worth about $1.19 million — in Spirit Aerosystems on Friday. 

The New York-based investment firm sold shares in Spirit Aerosystems via the Ark Space Exploration and Innovation ETF ARKX. No other ETF owns shares in the aero parts supplier.

ARKX owned a total of 309,052 shares, worth $12 million, as of Friday’s trades. 

Since last week, ARKX has reduced its position in Spirit Aerosystems by 54,849 shares in three separate trades. 

See Also: Amazon, Pfizer, Roku, Boeing And More: These Are Cathie Wood's Key Trades From Tuesday

Here are some of the other key trades for Ark on Friday:

  • Sold 15,880 shares in Trimble Inc TRMB on Friday.
  • Sold 103,777 shares in Iridium Communications Inc IRDM.
  • Sold 54,230 shares in LendingClub Corp LC.
  • Sold 138,794 shares in Unity Software Inc U
  • Bought 318,482 shares in Jaws Spitfire Acquisition Corp SPFR. The special purpose acquisition company is set to take SpaceX partner Velo3D public in a merger.

Posted In: aircraftARK InvestCathie WoodVelo3DLong IdeasNewsSector ETFsShort IdeasSmall CapTrading IdeasETFs

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