Investing
Cathie Wood's ARK Invest Sold Over $6 Million Worth of Amazon Stock
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Monday. This fund sold over 1,700 shares of Amazon.com Inc. (NASDAQ: AMZN), while the price of this ETF was down over 2% on the day. Note that the ETF is down a fair amount in the past year.
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It was ARK Next Fintech Innovation ETF (NYSEARCA: ARKF) that sold 1,794 shares of Amazon. At Monday’s closing price, this would have valued this sale at $6.1 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is down around 14% in the past 12 months.
Check out all of ARK Invest’s Sales for Monday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | AMZN | AMAZON.COM | 1,794 |
| ARKF | INTU | INTUIT | 17,787 |
| ARKF | ICE | INTERCONTINENTAL EXCHANGE | 122,291 |
| ARKF | FB | 33,204 | |
| ARKG | PFE | PFIZER | 155,578 |
| ARKG | REGN | REGENERON PHARMACEUTICALS | 12,000 |
| ARKK | IOVA | IOVANCE BIOTHERAPEUTICS | 100,398 |
| ARKK | EDIT | EDITAS MEDICINE | 202,964 |
| ARKW | LPSN | LIVEPERSON | 48,143 |
| ARKW | SHOP | SHOPIFY | 12,500 |
| ARKX | BA | BOEING | 10,696 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
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