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Investing

Cathie Wood’s ARK Invest Sells Over 40,000 Shares of Baidu

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By Chris Lange Updated Published
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Cathie Wood’s ARK Invest Sells Over 40,000 Shares of Baidu

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One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 40,000 shares of Baidu Inc. (NASDAQ: BIDU | BIDU Price Prediction) on Wednesday, as the share price of this fund traded relatively flat in the day’s session. The fund’s share price has greatly improved over the past year.

ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKK) sold 44,810 shares of Baidu. At Wednesday’s closing price, this would have valued this sale at roughly $6.4 million. This is only a small fraction of the total holdings. This fund is up 43% over the past 52 weeks.

Here is a quick look at all the other sales that took place across all ARK ETFs:

Fund Ticker Company Shares
ARKF 1833HK Ping An Healthcare and Technology 451,500
ARKG TXG 10X Genomics 48,490
ARKG SRPT Sarepta Therapeutics 73,604
ARKG RHHBY Roche 140,600
ARKG REGN Regeneron Pharmaceuticals 19,393
ARKG PSTI Pluristem Therapeutics 9,907
ARKG NVS Novartis 52,621
ARKK MCRB Seres Therapeutics 3,968
ARKK SQ Square 1,887
ARKK DOCU Docusign 57,133
ARKK PRLB Proto Labs 700
ARKK NTDOY Nintendo 77,571
ARKK NSTG Nanostring Technologies 12,355
ARKQ XONE Exone 82,472
ARKQ BIDU Baidu 44,810
ARKW SHOP Shopify 5,400
ARKX AIRFP Airbus 22,114

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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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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.

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