Cathie Wood’s ARK Invest Sells Over 2 Million Shares of KE Holdings
One of Cathie Wood's Ark Invest funds sold over 2 million shares of KE Holdings on July 23.
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A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood sold over 2 million shares of KE Holdings Inc. (NYSE: BEKE) on Friday, as the share price of this fund traded up less than 1% in Friday’s session. The fund’s share price has pushed much higher in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 2,033,197 shares of this Chinese online real estate services provider, while and ARK Next Generation Internet ETF (NYSEARCA: ARKW) parted with 28,000 shares. At Friday’s closing price, this would have valued these sales at roughly $69.6 million. This is only a small fraction of the total holdings. The funds are up 54% or more over the past 52 weeks.
Here is a quick look at all the sales that took place across all ARK Invest ETFs on Friday:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKG | RHHBY | Roche | 32,324 |
| ARKG | ABBV | AbbVie | 7,400 |
| ARKG | NVS | Novartis | 242,578 |
| ARKG | CSTL | Castle Biosciences | 28,497 |
| ARKG | CLLS | Cellectis | 7,194 |
| ARKG | CDNA | CareDx | 53,452 |
| ARKG | BMY | Bristol-Myers Squibb | 63,100 |
| ARKK | NVS | Novartis | 216 |
| ARKK | PSTG | Pure Storage | 350 |
| ARKK | ROKU | Roku | 59,042 |
| ARKK | TCEHY | Tencent | 134 |
| ARKK | TWST | Twist Bioscience | 5,672 |
| ARKK | DOCU | Docusign | 39,242 |
| ARKK | TXG | 10X Genomics | 19,665 |
| ARKK | BEKE | KE Holdings | 2,033,197 |
| ARKQ | BYDDY | BYD | 13,384 |
| ARKQ | NXPI | NXP Semiconductors | 7,083 |
| ARKQ | RAVN | Raven Industries | 900 |
| ARKW | BEKE | KE Holdings | 28,000 |
| ARKW | NTDOY | Nintendo | 92,530 |
| ARKW | OPEN | Opendoor Technologies | 1,500 |
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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.
