Cathie Wood's ARK Invest Dumps Over 170,000 Shares of Iridium Communications Stock

Investing

Published: September 23, 2021 8:35 am

One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Wednesday. Specifically, this fund sold over 170,000 shares of Iridium Communications Inc. (NASDAQ: IRDM), as the price of this fund bounced back up 1% on Wednesday. Note that this ETF up a fair amount in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 172.348 shares of Iridium. At Wednesday’s closing price, this would have valued the sale at roughly $7.5 million. Even though this is a small fraction of their total holdings, every little bit counts. The ETF is up about 31% in the past year.

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

Fund	Ticker	Name	Shares
ARKG	SMFR	SEMA4	12,280
ARKG	NVS	NOVARTIS	241,747
ARKG	CLLS	CELLECTIS	12,212
ARKG	CDXS	CODEXIS	126,224
ARKG	BMY	BRISTOL-MYERS SQUIBB	11,930
ARKK	NTLA	INTELLIA THERAPEUTICS	66,750
ARKK	TER	TERADYNE	373,251
ARKK	IRDM	IRIDIUM COMMUNICATIONS	172,348
ARKK	SE	SEA	65,913
ARKK	PRLB	PROTO LABS	39,453
ARKK	NSTG	NANOSTRING TECHNOLOGIES	3,951
ARKK	NTDOY	NINTENDO	128,900
ARKQ	NXPI	NXP SEMICONDUCTORS	10,950
ARKW	ETSY	ETSY	37,007
ARKW	LC	LENDINGCLUB	7,623
ARKW	SE	SEA	3,766
ARKX	NVDA	NVIDIA	1,803

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.