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.
Cash Back Credit Cards Have Never Been This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
