Cathie Wood's ARK Invest Dumps Nearly 900,000 Shares of JD.com

Investing

Published: January 11, 2022 7:50 am

A couple ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Monday. Specifically, these funds sold nearly 900,000 shares of JD.com Inc. (NASDAQ: JD) altogether, as the prices of these funds were all down about 1% on the day. Note that these ETFs are down a fair amount over the past year.
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ARK Fintech Innovation ETF (NYSEARCA: ARKF) sold 267,594 shares of JD.com, while Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) parted with 616,090 shares. At Monday’s closing price, this would have valued these sales at roughly $61.5 million. Even though this is a small fraction of the total holdings, every little bit counts. The fintech ETF is down 29% and the robotics ETF is down more than 13% over the past year.

Check out all of ARK Invest’s sales for Monday as well:

Fund	Ticker	Name	Shares
ARKF	ICE	INTERCONTINENTAL EXCHANGE	28,477
ARKF	JD	JD.COM	267,594
ARKF	WDAY	WORKDAY	74,028
ARKF	DOCU	DOCUSIGN	138,101
ARKG	EVGN	EVOGENE	27,599
ARKG	AQB	AQUABOUNTY TECHNOLOGIES	280,755
ARKG	IONS	IONIS PHARMACEUTICALS	326,031
ARKK	DOCU	DOCUSIGN	258,206
ARKQ	SNPS	SYNOPSYS	1,044
ARKQ	TER	TERADYNE	69,931
ARKQ	JD	JD.COM	616,090
ARKX	ESLT	ELBIT SYSTEMS	2,600

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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