One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Tuesday. Specifically, this fund sold over 340,000 shares of JD.com, Inc. (NASDAQ: JD), as the price of this fund was relatively flat on the day. Note though that this fund is up a fair amount in the past year.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 341,190 shares of JD.com. At Tuesday’s closing price, this would have valued this sale at roughly $24.7 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 65% in the past year.
Check out all of ARK Invest’s sales for Tuesday as well:
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and non-voting shareholder of 24/7 Wall St.