Cathie Wood's ARK Invest Sells Nearly 1 Million Shares of JD.com

Investing

Published: July 27, 2021 8:05 am

A few of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Monday. Specifically, these funds sold nearly 1 million shares of JD.com, Inc. (NASDAQ: JD) altogether, as the price of these funds were mostly down on the day. Note though that these funds are up a fair amount in the past year.

ARK Fintech Innovation ETF (NYSEARCA: ARKF) sold 318,465 shares of JD.com, and Generation Internet ETF (NYSEARCA: ARKW) sold 651,175 shares. ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX) sold only 750 shares. At Monday’s closing price, this would have valued these sales at roughly $64.1 million. Even though this is a small fraction of the total holdings, every little bit counts. The ARKF and ARKW are up 54% and 60%, respectively, in the past year. ARKX is relatively flat year to date.

Check out all of ARK Invest’s sales for Monday as well:

Fund	Ticker	Company	Shares
ARKF	JD	JD.com	318,465
ARKF	BEKE	KE Holdings	1,282,200
ARKF	TCEHY	Tencent	629,884
ARKF	PDD	Pinduoduo	116,153
ARKF	BABA	Alibaba	99,797
ARKG	NVS	Novartis	60,066
ARKG	ABBV	AbbVie	376
ARKG	CDNA	CareDx	6,763
ARKG	RHHBY	Roche	148,719
ARKG	PSTI	Pluristem Therapeutics	3,600
ARKG	PSTG	Pure Storage	786,175
ARKK	TWST	Twist Bioscience	55,880
ARKK	TXG	10X Genomics	33,437
ARKK	BEKE	KE Holdings	100,000
ARKQ	RAVN	Raven Industries	82
ARKQ	BYDDY	BYD	13,761
ARKQ	BIDU	Baidu	57,815
ARKW	JD	JD.com	651,175
ARKW	BEKE	KE Holdings	3,200
ARKW	BZ	Kanzhun	24,732
ARKW	OPEN	Opendoor Technologies	200
ARKW	NTDOY	Nintendo	84,139
ARKX	BABA	Alibaba	7,970
ARKX	JD	JD.com	750
ARKX	RAVN	Raven Industries	1,800

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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