Cathie Wood’s ARK Invest Sells Nearly $20 Million Worth of Shopify

A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood sold over 12,000 shares of Shopify Inc. (NYSE: SHOP) shares on Friday, as the price of these ETFs were slightly positive in Friday’s session. The funds are up significantly in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 7,212 shares, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 5,610 shares. At Friday’s closing prices, this would have valued these sales at roughly $19.9 million. This is only a small fraction of the total holdings. Both funds are up more than 40% in the past 52 weeks.

Here are all the sales across ARK Invest funds on Friday:

FundTickerNameShares
ARKF6060HKZHONGAN ONLINE P&C INSURANCE740,300
ARKFHDBHDFC BANK88,570
ARKFBABAALIBABA20
ARKF9923HKYEAHKA284,000
ARKGMCRBSERES THERAPEUTICS19,400
ARKGCLLSCELLECTIS4,834
ARKGPSTIPLURISTEM THERAPEUTICS21,208
ARKGRHHBYROCHE225,794
ARKKMCRBSERES THERAPEUTICS11,856
ARKKNTDOYNINTENDO128,754
ARKKDOCUDOCUSIGN36,909
ARKKSHOPSHOPIFY7,212
ARKKSQSQUARE46,333
ARKQTRMBTRIMBLE18,810
ARKWNTDOYNINTENDO1,039
ARKWSHOPSHOPIFY5,610
ARKWSQSQUARE21,684
ARKXBABAALIBABA18

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.

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