Cathie Wood’s ARK Invest bought more shares in Archer Aviation showing its bullish stance on the drone company. Collectively, the funds acquired more than five million shares worth $36 million, about 1% of the stock’s total market value.

Cathie Wood and her Ark Invest firm on Thursday loaded up on Archer Aviation stock and offloaded a small portion of their Tesla holdings. Meanwhile, drone maker Archer Aviation received price target hikes Friday on a new defense partnership and capital raise.

Ark Innovation (ARKK, Financial), a company of Cathie Wood, disclosed its portfolio trades, showing how assets are moving from one Ark ETF to the next. The ARKK ETF sold 51,335 shares of Tesla Inc. (TSLA,

Ark Invest's focus on owning innovative and disruptive businesses has made its founder and CEO Cathie Wood a closely followed investment professional. Someone looking to put some money into the stock market might follow her trading moves to find potential investment ideas.