Investing
Cathie Wood's ARK Invest Sells Over 2 Million Shares of KE Holdings
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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 |
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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