Autonomous Tech ETF Acquires 60,829 Joby Aviation Shares, Sells 131,400 Iridium
ARK Autonomous Technology & Robotics ETF added 60,829 Joby Aviation shares at $9.61 each, investing about $903,666 after Joby’s Q4 loss narrowed to $0.14 per share versus a $0.20 estimate and revenue rose by $30.78 million year-over-year. The ETF also sold 131,400 Iridium Communications shares and supported Ark Invest’s $14.8 million Robinhood stake acquired across multiple funds.
1. Purchase of Joby Aviation Shares
ARK Autonomous Technology & Robotics ETF purchased 60,829 shares of Joby Aviation at $9.61 per share, totaling $903,666. The purchase follows Joby’s fourth-quarter results, which showed a loss of $0.14 per share versus a $0.20 estimate and a year-over-year revenue increase of $30.78 million.
2. Sale of Iridium Communications Shares
In a simultaneous move, the ETF sold 131,400 shares of Iridium Communications to rebalance its holdings. This sale reduces exposure to satellite communications while freeing capital for higher-conviction autonomous technology positions.
3. Context Within Ark Portfolio
These trades reflect Ark Invest’s broader repositioning, which also includes a combined $14.8 million purchase of Robinhood shares across other Ark funds. The activity highlights a shift toward companies with recent product launches and earnings beats, shaping ARKQ’s urban air mobility focus.