A couple ARK Invest exchange-traded funds run by ETF star Cathie Wood sold nearly 2 million shares of Twitter Inc. (NYSE: TWTR) altogether on Tuesday, as the prices of these ETFs were down about 4% in Tuesday’s session. The funds are down a fair amount in the past year.
[in-text-ad]
ARK Innovation ETF (NYSEARCA: ARKK) sold 1,918,777 shares of Twitter, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 69,000 shares. At Tuesday’s closing price, this would have valued these sales at roughly $81.2 million. This is only a small fraction of the total holdings. The innovation fund is down 27% over the past 52 weeks, and the other is down 20%.
Here are all the sales across ARK Invest funds on Tuesday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | PYPL | PAYPAL | 5,577 |
| ARKF | PDD | PINDUODUO | 250,359 |
| ARKF | INTU | INTUIT | 1,887 |
| ARKF | ICE | INTERCONTINENTAL EXCHANGE | 7,537 |
| ARKG | TAK | TAKEDA PHARMACEUTICAL | 883,461 |
| ARKG | VRTX | VERTEX PHARMACEUTICALS | 32,919 |
| ARKK | TWTR | 1,918,777 | |
| ARKK | TSLA | TESLA | 27,574 |
| ARKK | IOVA | IOVANCE BIOTHERAPEUTICS | 329,582 |
| ARKQ | TER | TERADYNE | 22,728 |
| ARKQ | SNPS | SYNOPSYS | 8,600 |
| ARKW | TWTR | 69,000 | |
| ARKW | TSLA | TESLA | 16,558 |
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.
Latest from 24/7
