Cathie Wood's ARK Invest Dumps Nearly $8 Million Worth of Netflix Stock

Investing

Published: August 10, 2021 8:10 am

A couple of the ARK Invst exchange-traded funds run by ETF star Cathie Wood made huge sales on Monday. These funds sold over 14,000 shares of Netflix Inc. (NASDAQ: NFLX) shares, as the prices of these exchange-traded funds were up around 1% on the day. Note that they are still up over 100% in the past year.

ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 11,846 shares of Netflix and ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX) sold 2,916 shares. At Monday’s closing prices, this would have valued this purchases at roughly $7.7 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKW is up 54% in the past year, and ARKX is relatively flat year to date.

Here is a quick look at all the sales made by ARK ETFs:

Fund	Ticker	Company	Shares
ARKG	SEER	Seer	306,616
ARKG	RHHBY	Roche	154,558
ARKG	PSTI	Pluristem Therapeutics	19,893
ARKG	PSTG	Pure Storage	876,040
ARKG	NVS	Novartis	100,687
ARKG	CLLS	Cellectis	57,671
ARKK	SE	Sea	55,345
ARKK	NTDOY	Nintendo	60,500
ARKK	TXG	10X Genomics	9,860
ARKK	MCRB	Sere Therapeutics	51,484
ARKW	NFLX	Netflix	11,846
ARKX	NFLX	Netflix	2,916
ARKX	NVDA	Nvidia	15,074

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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