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

Investing

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.
[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	TWITTER	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	TWITTER	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.

ALSO READ: BofA Securities Out With 10 Favorite Stock Ideas for Q1 2022

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.