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ARK Updates | Spirit Aerosystems, Iridium, Trimble, Unity, Jaws Spitfire and more: These are Cathie Wood's key trades from Friday

Benzinga Real-time News ·  Sep 13, 2021 09:05  · Trending

Cathie Wood-led Ark Invest on Friday further lowered her exposure in $Boeing Co(BA.US)$ key supplier $Spirit AeroSystems Holdings Inc(SPR.US)$.

The popular money manager has been sharply lowering exposure in Boeing and its supplier since last week after European budget airline $Ryanair Holdings PLC(RYAAY.US)$ move to end talks with the planemakerfor 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 $ARK Space Exploration & Innovation ETF(ARKX.US)$. 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. 

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

ARK INVEST

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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