One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Tuesday. Specifically, this fund sold over 150,000 shares of Spotify Technology S.A. (NYSE: SPOT), as the price of this fund gained about 0.4% in Tuesday’s session. Note that this ETF is up handily in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 156,995 shares of Spotify. At Tuesday’s closing price, this would have valued this purchase at roughly $38.1 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 76% in the past year.
Check out all of ARK Invest’s buys for Tuesday:
|ARKG||SURF||SURFACE ONCOLOGY INC||50,000|
|ARKG||RPTX||REPARE THERAPEUTICS INC||2,636|
|ARKG||ONEM||1LIFE HEALTHCARE INC||159,300|
|ARKG||CMIIU||CM LIFE SCIENCES II INC||3,213|
|ARKK||CRSP||CRISPR THERAPEUTICS AG||25,000|
|ARKK||SPOT||SPOTIFY TECHNOLOGY SA||156,995|
|ARKK||PACB||PACIFIC BIOSCIENCES OF CALIFORNIA INC||15,000|
|ARKQ||U||UNITY SOFTWARE INC||59,183|
|ARKQ||KTOS||KRATOS DEFENSE & SECURITY SOLUTIONS INC||21,930|
|ARKW||U||UNITY SOFTWARE INC||107,828|
|ARKX||IRDM||IRIDIUM COMMUNICATIONS INC||36,239|
|ARKX||2618HK||JD LOGISTICS INC||1,066,971|
|ARKX||U||UNITY SOFTWARE INC||26,115|
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.