A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood sold over 34,000 shares of Shopify Inc. (NYSE: SHOP) shares on Wednesday, as the price of these ETFs dropped sharply in Wednesday’s session. The funds each just turned negative for their performance over the past year.
[in-text-ad]
ARK Innovation ETF (NYSEARCA: ARKK) sold 29,621 shares, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 4,530 shares. At Wednesday’s closing price, this would have valued these sales at roughly $49.9 million. This is only a small fraction of the total holdings. The innovation fund is down 11% in the past 52 weeks, and the other is down 2%.
Here are all the sales across ARK Invest funds on Wednesday:
Fund | Ticker | Name | Shares |
---|---|---|---|
ARKF | COIN | COINBASE GLOBAL | 17,026 |
ARKF | OPEN | OPENDOOR TECHNOLOGIES | 387,751 |
ARKF | AMZN | AMAZON.COM | 1,992 |
ARKG | IOVA | IOVANCE BIOTHERAPEUTICS | 42,230 |
ARKG | REGN | REGENERON PHARMACEUTICALS | 6,460 |
ARKG | CDXS | CODEXIS | 121,400 |
ARKG | INCY | INCYTE | 187,064 |
ARKK | SHOP | SHOPIFY | 29,621 |
ARKW | SHOP | SHOPIFY | 4,530 |
ARKX | LMT | LOCKHEED MARTIN | 3,658 |
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.
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.