Cathie Wood’s ARK Invest Sells Over 75,000 Shares of Snap
One of Cathie Wood's Ark Invest funds sold over 75,000 shares of Snap on June 8.
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 75,000 shares of Snap Inc. (NYSE: SNAP | SNAP Price Prediction) 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 |
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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.
