Investing
Cathie Wood's ARK Invest Sells Over 1.3 Million Shares of Opendoor Technologies
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 1,300,000 shares of Opendoor Technologies Inc. (NASDAQ: OPEN) on Thursday, as the share price of this fund traded down about 1.5% in the day’s session. The fund’s share price has greatly improved over the past year.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 1,309,500 shares of Opendoor Technologies. At Thursday’s closing price, this would have valued this sale at roughly $19.6 million. This is only a small fraction of the total holdings. This fund is up 51% 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 |
|---|---|---|---|
| ARKG | CDNA | CAREDX INC | 116,897 |
| ARKG | NVS | NOVARTIS AG | 98,887 |
| ARKG | IOVA | IOVANCE BIOTHERAPEUTICS INC | 133,431 |
| ARKG | CSTL | CASTLE BIOSCIENCES INC | 3,699 |
| ARKK | TCEHY | TENCENT HOLDINGS LTD | 292,468 |
| ARKK | PSTG | PURE STORAGE INC | 606,465 |
| ARKK | NVS | NOVARTIS AG | 183,740 |
| ARKK | ICE | INTERCONTINENTAL EXCHANGE INC | 19,595 |
| ARKQ | TCEHY | TENCENT HOLDINGS LTD | 37,643 |
| ARKQ | NXPI | NXP SEMICONDUCTORS NV | 14,754 |
| ARKW | OPEN | OPENDOOR TECHNOLOGIES INC | 1,309,500 |
| ARKX | NVDA | NVIDIA CORP | 791 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and non-voting shareholder of 24/7 Wall St.
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