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:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | 6060HK | ZHONGAN ONLINE P&C INSURANCE | 740,300 |
| ARKF | HDB | HDFC BANK | 88,570 |
| ARKF | BABA | ALIBABA | 20 |
| ARKF | 9923HK | YEAHKA | 284,000 |
| ARKG | MCRB | SERES THERAPEUTICS | 19,400 |
| ARKG | CLLS | CELLECTIS | 4,834 |
| ARKG | PSTI | PLURISTEM THERAPEUTICS | 21,208 |
| ARKG | RHHBY | ROCHE | 225,794 |
| ARKK | MCRB | SERES THERAPEUTICS | 11,856 |
| ARKK | NTDOY | NINTENDO | 128,754 |
| ARKK | DOCU | DOCUSIGN | 36,909 |
| ARKK | SHOP | SHOPIFY | 7,212 |
| ARKK | SQ | SQUARE | 46,333 |
| ARKQ | TRMB | TRIMBLE | 18,810 |
| ARKW | NTDOY | NINTENDO | 1,039 |
| ARKW | SHOP | SHOPIFY | 5,610 |
| ARKW | SQ | SQUARE | 21,684 |
| ARKX | BABA | ALIBABA | 18 |
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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