Cathie Wood’s ARK Invest Sells Over 725,000 Shares of JD.com
A couple of Cathie Wood's Ark Invest funds sold over 725,000 shares of JD.com on May 25.
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 | JD Price Prediction) 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:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | 9923HK | YEAHKA LTD | 322,000 |
| ARKF | GWRE | GUIDEWIRE SOFTWARE INC | 302 |
| ARKF | 6060HK | ZHONGAN ONLINE P&C INSURANCE CO LTD | 864,400 |
| ARKF | SCHW | CHARLES SCHWAB CORP/THE | 109,981 |
| ARKG | GH | GUARDANT HEALTH INC | 25,525 |
| ARKG | PSTI | PLURISTEM THERAPEUTICS INC | 24,006 |
| ARKK | SYRS | SYROS PHARMACEUTICALS INC | 26,572 |
| ARKK | ONVO | ORGANOVO HOLDINGS INC | 923 |
| ARKK | HUYA | HUYA INC | 408,360 |
| ARKQ | AVAV | AEROVIRONMENT INC | 18,540 |
| ARKQ | GLEO | GALILEO ACQUISITION CORP | 14,065 |
| ARKQ | ADSK | AUTODESK INC | 1,500 |
| ARKQ | WKHS | WORKHORSE GROUP INC | 20 |
| ARKW | HUBS | HUBSPOT INC | 2 |
| ARKW | JD | JD.COM INC | 456,987 |
| ARKW | PDD | PINDUODUO INC | 96,600 |
| ARKW | API | AGORA INC | 6 |
| ARKX | GRMN | GARMIN LTD | 15,973 |
| ARKX | JD | JD.COM INC | 273,688 |
| ARKX | RAVN | RAVEN INDUSTRIES INC | 19,161 |
| ARKX | SPCE | VIRGIN GALACTIC HOLDINGS INC | 12 |
| ARKX | ADSK | AUTODESK INC | 410 |
| ARKX | WKHS | WORKHORSE GROUP INC | 10 |
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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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Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
