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

Photo of Chris Lange
By Chris Lange Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Cathie Wood’s ARK Invest Sells Nearly 1 Million Shares of JD.com

© JD.com

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 | JD Price Prediction) 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

[nativounit]
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and non-voting shareholder of 24/7 Wall St.
[recirclink id=922611][wallst_email_signup]

Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618