One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 480,000 shares of Peloton Interactive Inc. (NASDAQ: PTON) on Friday, as the price of this fund was up less than 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 488,016 shares of Peloton. At Friday’s closing price, this would value this sale at roughly $44.6million. Note that this is only a small fraction of the total holdings, and the fund is up 36% over the past 52 weeks.
Check out all the ARK Invest sales for Friday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | VEEV | VEEVA SYSTEMS | 32,830 |
| ARKG | TAK | TAKEDA PHARMACEUTICAL | 399,588 |
| ARKG | SLGCW | SOMALOGIC | 548,744 |
| ARKG | NSTG | NANOSTRING TECHNOLOGIES | 68,891 |
| ARKG | IOVA | IOVANCE BIOTHERAPEUTICS | 235,100 |
| ARKW | PTON | PELOTON INTERACTIVE | 488,016 |
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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