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