Cathie Wood’s ARK Invest Sells Over 300,000 Shares of Iovance Bio

By Chris Lange Published Aug 27, 8:45AM EDT

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Cathie Wood’s ARK Invest Sells Over 300,000 Shares of Iovance Bio — © nevodka / iStock

One of the ARK exchange-traded funds run by ETF star Cathie Wood made huge sale on Thursday. This fund sold over 300,000 shares of Iovance Biotherapeutics Inc. (NASDAQ: IOVA | IOVA Price Prediction) shares, as the price of this ETF was down over 1% on Thursday. Note that this fund is still up handily in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 128,163 shares of Iovance. At Thursday’s closing price, this would have valued this sale at $7.0 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 36% in the past year.

Check out all of the ARK Invest sales for Thursday:

Fund	Ticker	Name	Shares
ARKF	4477JP	BASE	22,900
ARKF	GOOG	ALPHABET	131
ARKF	9923HK	YEAHKA	252,800
ARKF	6060HK	ZHONGAN ONLINE P&C INSURANCE	638,800
ARKG	BMY	BRISTOL-MYERS SQUIBB	29,000
ARKG	PSTI	PLURISTEM THERAPEUTICS	15,505
ARKG	RHHBY	ROCHE	32,600
ARKG	MCRB	SERES THERAPEUTICS	400
ARKG	SEER	SEER	20,000
ARKK	NSTG	NANOSTRING TECHNOLOGIES	144,340
ARKK	NTDOY	NINTENDO	38,500
ARKK	SE	SEA	71,593
ARKK	IOVA	IOVANCE BIOTHERAPEUTICS	302,190
ARKQ	BABA	ALIBABA	46,900
ARKQ	XONE	EXONE	10,000
ARKW	LC	LENDINGCLUB	32,700
ARKW	OKTA	OKTA	31,041
ARKW	SQ	SQUARE	21,732
ARKX	TRMB	TRIMBLE	9,167

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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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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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