Cathie Wood's ARK Invest Sells Over 85,000 Shares of Square

Investing

Published: October 11, 2021 8:35 am

One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Friday. This fund parted with over 85,000 shares of Square Inc. (NASDAQ: SQ), as the price of this ETF gained about 2% in Friday’s session. Note that this fund is still up significantly in the past year.

Specifically, ARK Innovation ETF (NYSEARCA: ARKK) sold 85,487 shares of Square. At Friday’s closing price, this would have valued this sale at roughly $20.4 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 12% in the past year.

Check out all of ARK Invest’s sales for Friday as well:

Fund	Ticker	Name	Shares
ARKG	SDGR	SCHRODINGER	10,905
ARKG	SMFR	SEMA4	79,461
ARKK	NSTG	NANOSTRING TECHNOLOGIES	5,700
ARKK	PRLB	PROTO LABS	23,130
ARKK	SE	SEA	18,921
ARKK	IRDM	IRIDIUM COMMUNICATIONS	180,888
ARKK	SQ	SQUARE	85,487
ARKK	DOCU	DOCUSIGN	78,867
ARKQ	NXPI	NXP SEMICONDUCTORS	1,951
ARKQ	BYDDY	BYD	14,420
ARKW	LC	LENDINGCLUB	494

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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