One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold nearly 450,000 shares of Peloton Interactive Inc. (NASDAQ: PTON) on Wednesday, as the price of this fund was down around 1% in the day’s session. The ETF is up a fair amount in the past year.
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ARK Next Generation Internet ETF (NYSEARCA: ARKW) parted with 448,621 shares of Peloton. At Wednesday’s closing price, this would value this sale at roughly $39.7 million. Note that this is only a small fraction of the total holdings, and the fund is up 31% over the past 52 weeks.
Check out all the ARK Invest sales for Wednesday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | SE | SEA | 19,440 |
| ARKK | PRLB | PROTO LABS | 74,818 |
| ARKK | COIN | COINBASE GLOBAL | 106,531 |
| ARKK | TSLA | TESLA | 38,984 |
| ARKQ | LMT | LOCKHEED MARTIN | 7,800 |
| ARKQ | TSLA | TESLA | 18,122 |
| ARKW | PTON | PELOTON INTERACTIVE | 448,621 |
| ARKX | LMT | LOCKHEED MARTIN | 16,459 |
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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