Cathie Wood's ARK Invest Sells Over $33 Million Worth of LendingClub Stock

Investing

Published: September 17, 2021 8:05 am

One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Thursday. This fund sold over 1.1 million shares of LendingClub Corp. (NYSE: LC), as the price of this ETF gained about 0.5% on the day. Note that this stock is still up handily in the past year.

It was ARK Next Generation Internet ETF (NYSEARCA: ARKW) that sold 1,177,878 shares of LendingClub. At Thursday’s closing price, this would have valued this sale at $33.0 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up over 44% in the past 12 months.

Check out all of ARK Invest’s Sells for Thursday:

Fund	Ticker	Name	Shares
ARKF	9923HK	YEAHKA	356,400
ARKG	CDXS	CODEXIS	400
ARKG	CRBU	CARIBOU BIOSCIENCES	80,036
ARKG	NVS	NOVARTIS	57,455
ARKK	TSLA	TESLA	41,457
ARKK	NTDOY	NINTENDO	57,200
ARKK	NSTG	NANOSTRING TECHNOLOGIES	10,849
ARKQ	NXPI	NXP SEMICONDUCTORS	32,551
ARKQ	GOOG	ALPHABET	1,846
ARKW	LC	LENDINGCLUB	1,177,878
ARKX	IRDM	IRIDIUM COMMUNICATIONS	59,291

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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