Cathie Wood’s ARK Invest Sells Over 75,000 Shares of Snap
One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 75,000 shares of Snap Inc. (NYSE: SNAP) on Tuesday, as the share price of this fund traded up 0.1% in the day’s session. The fund’s share price has greatly improved over the past year.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 77,407 shares of Snap. At Tuesday’s closing price, this would have valued this sale at roughly $4.7 million. This is only a small fraction of the total holdings. This fund is up 77% over the past 52 weeks.
Here is a quick look at all the other sales that took place across all ARK ETFs:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKG | PSTI | PLURISTEM THERAPEUTICS INC | 102,899 |
| ARKG | TXG | 10X GENOMICS INC | 54,314 |
| ARKK | SYRS | SYROS PHARMACEUTICALS INC | 913 |
| ARKK | ONVO | ORGANOVO HOLDINGS INC | 496 |
| ARKK | ICE | INTERCONTINENTAL EXCHANGE INC | 192,142 |
| ARKK | HUYA | HUYA INC | 145,900 |
| ARKK | DOCU | DOCUSIGN INC | 46,938 |
| ARKQ | RAVN | RAVEN INDUSTRIES INC | 9,987 |
| ARKQ | NXPI | NXP SEMICONDUCTORS NV | 31,800 |
| ARKQ | MGA | MAGNA INTERNATIONAL INC | 66,300 |
| ARKQ | GLEO | GALILEO ACQUISITION CORP | 11,228 |
| ARKQ | DDD | 3D SYSTEMS CORP | 170,407 |
| ARKW | RBLX | ROBLOX CORP | 81,691 |
| ARKW | SNAP | SNAP INC | 77,407 |
| ARKX | GRMN | GARMIN LTD | 5,641 |
| ARKX | JD | JD.COM INC | 84,885 |
| ARKX | SPR | SPIRIT AEROSYSTEMS HOLDINGS INC | 44,545 |
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.
Source: Read Full Article