Cathie Wood’s ARK Invest Sells Over 40,000 Shares of Baidu

One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 40,000 shares of Baidu Inc. (NASDAQ: BIDU) on Wednesday, as the share price of this fund traded relatively flat in the day’s session. The fund’s share price has greatly improved over the past year.

ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKK) sold 44,810 shares of Baidu. At Wednesday’s closing price, this would have valued this sale at roughly $6.4 million. This is only a small fraction of the total holdings. This fund is up 43% over the past 52 weeks.

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

ARKF1833HKPing An Healthcare and Technology451,500
ARKGTXG10X Genomics48,490
ARKGSRPTSarepta Therapeutics73,604
ARKGREGNRegeneron Pharmaceuticals19,393
ARKGPSTIPluristem Therapeutics9,907
ARKKMCRBSeres Therapeutics3,968
ARKKPRLBProto Labs700
ARKKNSTGNanostring Technologies12,355

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

ALSO READ: A Big Correction May Be Coming: Goldman Sachs Says Buy High-Dividend REITs Now

Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use

Source: Read Full Article