One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold nearly a million shares of Opendoor Technologies Inc. (NASDAQ: OPEN) on Tuesday, as the share price of this fund traded up about 2% in the day’s session. The fund’s share price has greatly improved over the past year.
Specifically, ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 999,309 shares of Opendoor Technologies. At Tuesday’s closing price, this would have valued this sale at roughly $14.6 million. This is only a small fraction of the total holdings. This fund is up 47% over the past 52 weeks.
Here is a quick look at all the other sales that took place across all ARK ETFs:
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.