Investing

Cathie Wood's ARK Invest Sells Nearly 2 Million Shares of Twitter

Chris Lange

Published: January 5, 2022 9:55 am

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.
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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:

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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