Cathie Wood’s ARK Invest Sells Nearly $20 Million Worth of Shopify

By Chris Lange Published Sep 7, 8:35AM EDT

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Cathie Wood’s ARK Invest Sells Nearly $20 Million Worth of Shopify — © opengridscheduler / Flickr

A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood sold over 12,000 shares of Shopify Inc. (NYSE: SHOP | SHOP Price Prediction) shares on Friday, as the price of these ETFs were slightly positive in Friday’s session. The funds are up significantly in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 7,212 shares, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 5,610 shares. At Friday’s closing prices, this would have valued these sales at roughly $19.9 million. This is only a small fraction of the total holdings. Both funds are up more than 40% in the past 52 weeks.

Here are all the sales across ARK Invest funds on Friday:

Fund	Ticker	Name	Shares
ARKF	6060HK	ZHONGAN ONLINE P&C INSURANCE	740,300
ARKF	HDB	HDFC BANK	88,570
ARKF	BABA	ALIBABA	20
ARKF	9923HK	YEAHKA	284,000
ARKG	MCRB	SERES THERAPEUTICS	19,400
ARKG	CLLS	CELLECTIS	4,834
ARKG	PSTI	PLURISTEM THERAPEUTICS	21,208
ARKG	RHHBY	ROCHE	225,794
ARKK	MCRB	SERES THERAPEUTICS	11,856
ARKK	NTDOY	NINTENDO	128,754
ARKK	DOCU	DOCUSIGN	36,909
ARKK	SHOP	SHOPIFY	7,212
ARKK	SQ	SQUARE	46,333
ARKQ	TRMB	TRIMBLE	18,810
ARKW	NTDOY	NINTENDO	1,039
ARKW	SHOP	SHOPIFY	5,610
ARKW	SQ	SQUARE	21,684
ARKX	BABA	ALIBABA	18

[nativounit]
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of a673b.bigscoots-temp.com.
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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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