Investing
Cathie Wood's ARK Invest Dumps Over 165,000 Shares of Iridium Communications Stock
Published:
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.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
