Cathie Wood’s ARK Invest Sells Over 1.5 Million Shares of Workhorse

One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 1.5 million shares of Workhorse Group Inc. (NASDAQ: WKHS) on Tuesday, as the share price of this fund traded up about 2% in Tuesday’s session. The fund’s share price has nearly doubled the past year.

ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 1,507,061 shares of Workhorse. At Tuesday’s closing price, this would have valued this sale at roughly $12.4 million. This is only a small fraction of the total holdings. This fund is up 91% over the past 52 weeks.

Here is a quick look at all the other sales that took place across all ARK ETFs:

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

ALSO READ: 5 Stocks to Move to Now to Avoid the Potentially Massive Correction

Source: Read Full Article