Investing

Cathie Wood's ARK Invest Sells Over 420,000 Shares of Baidu

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One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 420,000 shares of Baidu Inc. (NASDAQ: BIDU) on Wednesday, as the share price of this fund traded down about 4% in the day’s session. The fund’s share price has greatly improved over the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 429,192 shares of Baidu. At Wednesday’s closing price, this would have valued this sale at roughly $78.7 million. This is only a small fraction of the total holdings. This fund is up 78% over the past 52 weeks.

Here is a quick look at all the other sales that took place across all ARK ETFs:

Fund Ticker Company Shares
ARKF 9923HK YEAHKA LTD 414,400
ARKF SI SILVERGATE CAPITAL CORP 12,700
ARKG TMO THERMO FISHER SCIENTIFIC INC 61,100
ARKG TAK TAKEDA PHARMACEUTICAL CO LTD 75,000
ARKG SYRS SYROS PHARMACEUTICALS INC 147,332
ARKG SRPT SAREPTA THERAPEUTICS INC 79,900
ARKG RHHBY ROCHE HOLDING AG 25,000
ARKG REGN REGENERON PHARMACEUTICALS INC 45,494
ARKG PSTI PLURISTEM THERAPEUTICS INC 3,700
ARKG PHR PHREESIA INC 61,200
ARKK NVS NOVARTIS AG 179,700
ARKK BEKE KE HOLDINGS INC 314,500
ARKK BIDU BAIDU INC 429,192
ARKK TREE LENDINGTREE INC 99,462
ARKK SNPS SYNOPSYS INC 170,419
ARKK HUYA HUYA INC 99,640
ARKK REGN REGENERON PHARMACEUTICALS INC 3,000
ARKK PSTG PURE STORAGE INC 304,896
ARKK ICE INTERCONTINENTAL EXCHANGE INC 79,985
ARKQ WKHS WORKHORSE GROUP INC 140,335
ARKQ GOOG ALPHABET INC 3,088
ARKW TREE LENDINGTREE INC 67,529
ARKX WKHS WORKHORSE GROUP INC 323,803

Catherine Wood, the CEO and CIO of ARK Investment Management LLC, is a minority and nonvoting shareholder of 24/7 Wall St., owner of a673b.bigscoots-temp.com.

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