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.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.