ARK ETFs Sell $25.6M in Chipmaker Shares, Add Joby Aviation and Archer Aviation

ARK Invest’s actively managed ETFs sold $25.6 million in shares of Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing Co. (TSM) on Oct. 27, while buying across aviation, defense and biotechnology companies.

The funds sold 28,966 AMD shares for $15,389,056 and 24,171 TSM shares for $10,257,447. Their purchases included 884,681 shares of Joby Aviation (JOBY) for $4,149,153 and 524,515 shares of Archer Aviation (ACHR) for $2,066,589.

The funds also bought 77,210 shares of AeroVironment (AVAV) for $9,685,994 and 91,527 shares of Beam Therapeutics (BEAM) for $2,177,427. The trades span chipmakers, electric aviation, defense and biotechnology. The trade records provide no rationale for the moves and do not establish a change in the funds’ long-term outlook.

The Oct. 27 activity followed ARK’s Oct. 8 trades, which included sales of SpaceX and AMD shares and a purchase of Kratos Defense & Security Solutions shares.

Archer announced plans Oct. 23 for air-taxi networks in Austin, Dallas–Fort Worth and Houston. The proposed routes would connect airports, business districts and other destinations. Archer described its goal for the Midnight aircraft as replacing some 60- to 90-minute drives with 10- to 20-minute flights. The announcement gave no service launch dates or ticket prices.

“Texas is setting the bar for America’s leadership in the next generation of aviation,” Archer CEO Adam Goldstein said.

Joby has scheduled its third-quarter results for after the Nov. 4 market close, with a webcast at 5 p.m. ET.

The trade files are unofficial, unreconciled and not comprehensive. They are posted after full execution, but upload timestamps do not necessarily show when the trades occurred.