Cathie Wood’s ARK Invest Sold Nearly $14 Million Worth of Disney Stock

One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood sold over 90,000 shares of Walt Disney Co. (NYSE: DIS) on Monday, as the price of this ETF was down over 2% in the day’s session. However, the fund is actually down a fair amount in the past year.

ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 93,598 shares of Disney. At Monday’s closing price, this would have valued this sale at roughly $13.7 million. This is only a small fraction of the total holdings. The ETF is down 20% over the past 52 weeks.

Check out all of ARK Invest’s sales for Monday:

FundTickerNameShares
ARKFPYPLPAYPAL12,376
ARKFINTUINTUIT9,254
ARKFICEINTERCONTINENTAL EXCHANGE51,041
ARKFZZILLOW122,107
ARKGCDXSCODEXIS34,160
ARKGIONSIONIS PHARMACEUTICALS61,200
ARKGVRTXVERTEX PHARMACEUTICALS23,830
ARKKDDD3D SYSTEMS10,032
ARKKTXG10X GENOMICS40,761
ARKQTERTERADYNE26,773
ARKWDISWALT DISNEY93,598
ARKXTERTERADYNE2,770
ARKXLMTLOCKHEED MARTIN2,642

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