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.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
