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Investing

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

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By Chris Lange Published
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Cathie Wood’s ARK Invest Dumps Nearly $8 Million Worth of Netflix Stock

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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 | NFLX Price Prediction) 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

[nativounit]
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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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.

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