Investing
Cathie Wood's ARK Invest Dumps Another Million Shares of JD.com
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Some ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Tuesday. Specifically, these funds sold nearly a million shares of JD.com Inc. (NASDAQ: JD) altogether, as the price of these funds were all down over 2% on the day. Note though that these funds are each up a fair amount in the past year.
ARK Fintech Innovation ETF (NYSEARCA: ARKF) sold 259,873 shares of JD.com, while Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 324,068 shares and ARK Next Generation ETF (NYSEARCA: ARKW) sold 405,495 shares. At Tuesday’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 ARKQ are up 46% each in the past year. ARKW is up over 52%.
Check out all of ARK Invest’s sales for Tuesday as well:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | WDAY | WORKDAY | 81,618 |
| ARKF | 1833HK | PING AN HEALTHCARE AND TECHNOLOGY | 2,097,800 |
| ARKF | PDD | PINDUODUO | 182,575 |
| ARKF | JD | JD.COM | 259,873 |
| ARKF | 3690HK | MEITUAN | 1,257,639 |
| ARKG | TAK | TAKEDA PHARMACEUTICAL | 119,671 |
| ARKG | TXG | 10X GENOMICS | 57,031 |
| ARKG | SEER | SEER | 176,617 |
| ARKG | RHHBY | ROCHE HOLDING | 38,100 |
| ARKG | NVS | NOVARTIS | 47,098 |
| ARKG | CLLS | CELLECTIS | 3,150 |
| ARKG | CDNA | CAREDX | 18,950 |
| ARKG | BMY | BRISTOL-MYERS SQUIBB | 124,113 |
| ARKK | TXG | 10X GENOMICS | 42,689 |
| ARKK | TWST | TWIST BIOSCIENCE | 9,600 |
| ARKK | SKLZ | SKILLZ | 537,196 |
| ARKQ | PCAR | PACCAR | 69,400 |
| ARKQ | JD | JD.COM | 324,068 |
| ARKQ | BZ | KANZHUN | 236,700 |
| ARKQ | BYDDY | BYD | 80,951 |
| ARKQ | BIDU | BAIDU | 116,556 |
| ARKW | BZ | KANZHUN | 775,783 |
| ARKW | NFLX | NETFLIX | 21,937 |
| ARKW | TCEHY | TENCENT | 284,600 |
| ARKW | JD | JD.COM | 405,495 |
| ARKW | PDD | PINDUODUO | 726,516 |
| ARKW | NTDOY | NINTENDO | 43,140 |
| ARKX | 2618HK | JD LOGISTICS | 3,133,785 |
| ARKX | TCEHY | TENCENT | 67,800 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
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