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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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.
