Cathie Wood's ARK Invest Dumps Nearly $39 Million Worth of Netflix Stock

Investing

Published: August 11, 2021 8:45 am

One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Tuesday. This fund sold over 75,000 shares of Netflix Inc. (NASDAQ: NFLX) shares, as the price of this fund was down over 1% on the day. It is still up significantly from this time last year.

ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 75,109 shares of Netflix. At Tuesday’s closing price, this would have valued this purchase at roughly $38.7 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 55% in the past year.

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

Fund	Ticker	Company	Shares
ARKF	4477JP	BASE INC	569,300
ARKG	SEER	SEER INC	121,042
ARKG	TAK	TAKEDA PHARMACEUTICAL CO LTD	116,467
ARKG	RHHBY	ROCHE HOLDING AG	394,655
ARKG	REGN	REGENERON PHARMACEUTICALS INC	8,271
ARKG	PSTI	PLURISTEM THERAPEUTICS INC	7,402
ARKG	PSTG	PURE STORAGE INC	136,940
ARKG	NVS	NOVARTIS AG	53,188
ARKG	CLLS	CELLECTIS SA	600
ARKG	BMY	BRISTOL-MYERS SQUIBB CO	72,802
ARKK	TXG	10X GENOMICS INC	26,272
ARKK	SQ	SQUARE INC	66,982
ARKK	SHOP	SHOPIFY INC	12,339
ARKK	SE	SEA LTD	102,270
ARKK	NTDOY	NINTENDO CO LTD	139,500
ARKK	MCRB	SERES THERAPEUTICS INC	100
ARKK	DOCU	DOCUSIGN INC	62,744
ARKQ	NVDA	NVIDIA CORP	35,064
ARKW	NFLX	NETFLIX INC	75,109
ARKX	BABA	ALIBABA GROUP HOLDING LTD	7,684
ARKX	NVDA	NVIDIA CORP	7,578

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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