Cathie Wood’s ARK Invest Sells Over 725,000 Shares of JD.com

A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood sold over 725,000 shares of JD.com Inc. (NASDAQ: JD) on Tuesday, as the share price of these funds traded up nearly 1% in the day’s session. The funds’ share prices have greatly improved over the past year.

ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 456,987 shares of JD.com, and ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX) sold 273,688 shares. At Tuesday’s closing price, this would have valued this sale at roughly $53.2 million. This is only a small fraction of the total holdings. ARKW is up 85% 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, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.

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