Cathie Wood's ARK Invest Dumps Over 165,000 Shares of Iridium Communications Stock

Investing

Published: September 20, 2021 9:03 am

A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Friday. Specifically, these funds sold over 165,000 shares of Iridium Communications Inc. (NASDAQ: IRDM) altogether, as the prices of these funds were relatively flat on Friday. Note though that the ETFs are up a fair amount in the past year.

ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 150,400 shares and ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX) sold 17,017 shares of Iridium. At Friday’s closing prices, this would have valued the sales at roughly $7.5 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. The robotics ETF is up about 45% in the past year, but the other one is up only 1% since it came public.

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

Fund	Ticker	Name	Shares
ARKF	9923HK	YEAHKA	516,000
ARKG	CLLS	CELLECTIS	27,671
ARKG	CRBU	CARIBOU BIOSCIENCES	9,672
ARKK	NTDOY	NINTENDO	36,993
ARKK	NSTG	NANOSTRING TECHNOLOGIES	104,400
ARKQ	IRDM	IRIDIUM COMMUNICATIONS	150,400
ARKW	TSLA	TESLA	14,362
ARKW	LC	LENDINGCLUB	401,984
ARKX	IRDM	IRIDIUM COMMUNICATIONS	17,017

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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