Cathie Wood’s ARK Invest Sells Over 350,000 Shares of Takeda Pharma
One of Cathie Wood's Ark Invest funds sold over 350,000 shares of Takeda Pharmaceutical on June 16.
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 350,000 shares of Takeda Pharmaceutical Co. Ltd. (NYSE: TAK) on Wednesday, as the share price of this fund traded relatively flat in the day’s session. Its share price has greatly improved over the past year.
ARK Genomic Revolution ETF (NYSEARCA: ARKG) sold 366,228 shares of Takeda. At Wednesday’s closing price, this would have valued this sale at roughly $6.2 million. This is only a small fraction of the total holdings. This fund is up 84% 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 | TCSLI | TCS GROUP HOLDING PLC | 35,354 |
| ARKG | NVS | NOVARTIS AG | 128,903 |
| ARKG | PSTI | PLURISTEM THERAPEUTICS INC | 1,357 |
| ARKG | SRPT | SAREPTA THERAPEUTICS INC | 22,178 |
| ARKG | TAK | TAKEDA PHARMACEUTICAL CO LTD | 366,228 |
| ARKQ | GLEO | GALILEO ACQUISITION CORP | 325,800 |
| ARKQ | NVDA | NVIDIA CORP | 4,050 |
| ARKQ | RAVN | RAVEN INDUSTRIES INC | 12,814 |
| ARKQ | TCEHY | TENCENT HOLDINGS LTD | 36,315 |
| ARKW | TCEHY | TENCENT HOLDINGS LTD | 46,793 |
| ARKW | PSTG | PURE STORAGE INC | 187,131 |
| ARKW | NET | CLOUDFLARE INC | 69,294 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
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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.
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