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.
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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 |
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.
Contact [email protected] for any questions or corrections.
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.
