Investing

Cathie Wood's ARK Invest Sells Over 125,000 Shares of Iovance Bio

SergeyNivens / Getty Images

One of the ARK exchange-traded funds run by ETF star Cathie Wood made huge sale on Wednesday. This fund sold over 125,000 shares of Iovance Biotherapeutics Inc. (NASDAQ: IOVA) shares, as the price of this ETF was flat on Wednesday. Note that this ETF is still up handily in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 128,163 shares of Iovance. At Wednesday’s closing price, this would have valued this sale at $3 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 37% in the past year.

Check out all of the ARK Invest sales for Wednesday:

Fund Ticker Name Shares
ARKF 3690HK MEITUAN 1,342,426
ARKF 9923HK YEAHKA 339,600
ARKF 6060HK ZHONGAN ONLINE P&C INSURANCE 1,339,400
ARKG SEER SEER 152,557
ARKG RHHBY ROCHE 66,000
ARKG PSTI PLURISTEM THERAPEUTICS 16,223
ARKG BMY BRISTOL-MYERS SQUIBB 114,400
ARKK IOVA IOVANCE BIOTHERAPEUTICS 128,163
ARKK NTDOY NINTENDO 53,300
ARKQ XONE EXONE 82,333
ARKW LC LENDINGCLUB 164,932
ARKW NFLX NETFLIX 192


Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.

The Average American Is Losing Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.

Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.

But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.

 

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.