Markets 

Cathie Wood’s ARK Invest Sells Over 630,000 Shares of DocuSign

One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Friday. Specifically, this fund sold over 630,000 shares of DocuSign Inc. (NASDAQ: DOCU), as the price of the fund was down on the day. Note that the fund is down a fair amount over the past year.

It was the ARK Innovation ETF (NYSEARCA: ARKK) that sold 632,851 shares of DocuSign. At Friday’s closing price, this would have valued the sale at roughly $86.0 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is down 40% in the past year.

Check out all of ARK Invest’s trades for Friday as well:

FundDirectionTickerNameShares
ARKGBuyBLIBERKELEY LIGHTS108,000
ARKGBuyVCYTVERACYTE11,700
ARKGBuyRXRXRECURSION PHARMACEUTICALS63,400
ARKGBuyQSIQUANTUM-SI94,738
ARKGBuyNRIXNURIX THERAPEUTICS178,585
ARKGBuyBNRBURNING ROCK BIOTECH31,621
ARKGSellTAKTAKEDA PHARMACEUTICAL571,269
ARKKBuyZMZOOM VIDEO COMMUNICATIONS18,340
ARKKBuyTWLOTWILIO61,218
ARKKBuySQBLOCK64,852
ARKKBuyROKUROKU122,516
ARKKBuyRBLXROBLOX261,211
ARKKBuyPLTRPALANTIR TECHNOLOGIES249,211
ARKKBuyPATHUIPATH37,200
ARKKBuyDNAGINKGO BIOWORKS741,015
ARKKBuyCOINCOINBASE GLOBAL35,284
ARKKBuyCGENCOMPUGEN28,281
ARKKSellDOCUDOCUSIGN632,581
ARKQBuyMKFGMARKFORGED27,685
ARKQBuyAVAVAEROVIRONMENT41,049
ARKWBuyRBLXROBLOX61,435
ARKWBuyROKUROKU29,397
ARKWBuyVCYTVERACYTE14,800
ARKWSellTSLATESLA11,496
ARKXBuyMKFGMARKFORGED26,508

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.

Source: Read Full Article

You May Also Like

Saudi Arabia cuts Q1 deficit, reaping benefits of fiscal measures

Australia reports 1,607 COVID-19 cases as states learn to live with virus

New Maine law marks U.S. first on fossil fuel divestment