Cathie Wood’s ARK Invest Sells Over 1.5 Million Shares of Workhorse
One of Cathie Wood's Ark Invest funds sold over 1.5 million shares of Workhorse on May 11.
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:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | 9923HK | YEAHKA LTD | 638,800 |
| ARKF | SI | SILVERGATE CAPITAL CORP | 140,274 |
| ARKG | PHR | PHREESIA INC | 209,433 |
| ARKG | SYRS | SYROS PHARMACEUTICALS INC | 66,857 |
| ARKG | SRPT | SAREPTA THERAPEUTICS INC | 35,600 |
| ARKG | NSTG | NANOSTRING TECHNOLOGIES INC | 84,177 |
| ARKG | RHHBY | ROCHE HOLDING AG | 84,200 |
| ARKG | PSTI | PLURISTEM THERAPEUTICS INC | 3,073 |
| ARKK | BEKE | KE HOLDINGS INC | 1,187,600 |
| ARKK | BIDU | BAIDU INC | 137,234 |
| ARKK | TREE | LENDINGTREE INC | 90,338 |
| ARKK | NVS | NOVARTIS AG | 21,128 |
| ARKK | SNPS | SYNOPSYS INC | 142,700 |
| ARKK | REGN | REGENERON PHARMACEUTICALS INC | 70,302 |
| ARKK | HUYA | HUYA INC | 568,900 |
| ARKK | NTDOY | NINTENDO CO LTD | 65,800 |
| ARKK | ONVO | ORGANOVO HOLDINGS INC | 13,067 |
| ARKQ | WKHS | WORKHORSE GROUP INC | 1,507,061 |
| ARKQ | KMTUY | KOMATSU LTD | 27,085 |
| ARKQ | GOOG | ALPHABET INC | 1,861 |
| ARKW | ICE | INTERCONTINENTAL EXCHANGE INC | 76,202 |
| ARKW | API | AGORA INC | 61,401 |
| ARKW | ADYEY | ADYEN NV | 116,085 |
| ARKW | TREE | LENDINGTREE INC | 29,471 |
| ARKX | DE | DEERE & CO | 3,222 |
| ARKX | SPCE | VIRGIN GALACTIC HOLDINGS INC | 293,962 |
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.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
