Cathie Wood's ARK Invest Dumps Over 65,000 Shares of Iridium Communications Stock

Investing

Published: September 10, 2021 8:35 am

A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Thursday. Specifically, these funds sold over 65,000 shares of Iridium Communications Inc. (NASDAQ: IRDM) altogether, as the prices of these funds were relatively flat on Thursday. Note though that they are up a fair amount in the past year.

ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 49,933 shares and ARK Space Exploration & Innovation ETF (NYSEARCA: ARKW) sold 16,469 shares of Iridium. At Thursday’s closing prices, this would have valued the sales at roughly $3.1 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. The robotics ETF is up about 47% in the past year, but the other one is up only 3% since it came public.

Check out all the ARK Invest sales for Thursday as well:

Fund	Ticker	Name	Shares
ARKF	6060HK	ZHONGAN ONLINE P&C INSURANCE	859,400
ARKF	9923HK	YEAHKA	359,200
ARKF	HDB	HDFC BANK	400
ARKG	RHHBY	ROCHE	32,678
ARKG	PSTI	PLURISTEM THERAPEUTICS	20,000
ARKG	SRPT	SAREPTA THERAPEUTICS	475
ARKG	PSTG	PURE STORAGE	30,601
ARKG	CLLS	CELLECTIS	12,458
ARKG	NVS	NOVARTIS	229,072
ARKG	DRNA	DICERNA PHARMACEUTICALS	38,712
ARKG	CRBU	CARIBOU BIOSCIENCES	76,909
ARKK	TSLA	TESLA	29,238
ARKK	NSTG	NANOSTRING TECHNOLOGIES	9,000
ARKQ	NVDA	NVIDIA CORP	2,039
ARKQ	IRDM	IRIDIUM COMMUNICATIONS	49,933
ARKQ	TER	TERADYNE	57,078
ARKQ	TRMB	TRIMBLE	59,376
ARKW	LC	LENDINGCLUB	49,165
ARKW	TSLA	TESLA	11,702
ARKW	TTD	TRADE DESK	306,448
ARKX	IRDM	IRIDIUM COMMUNICATIONS	16,469

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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