Cathie Wood’s ARK Invest Sells Nearly 1 Million Shares of JD.com
A few of Cathie Wood's Ark Invest funds sold nearly 1 million shares of JD.com on July 26.
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A few of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Monday. Specifically, these funds sold nearly 1 million shares of JD.com, Inc. (NASDAQ: JD | JD Price Prediction) altogether, as the price of these funds were mostly down on the day. Note though that these funds are up a fair amount in the past year.
ARK Fintech Innovation ETF (NYSEARCA: ARKF) sold 318,465 shares of JD.com, and Generation Internet ETF (NYSEARCA: ARKW) sold 651,175 shares. ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX) sold only 750 shares. At Monday’s closing price, this would have valued these sales at roughly $64.1 million. Even though this is a small fraction of the total holdings, every little bit counts. The ARKF and ARKW are up 54% and 60%, respectively, in the past year. ARKX is relatively flat year to date.
Check out all of ARK Invest’s sales for Monday as well:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | JD | JD.com | 318,465 |
| ARKF | BEKE | KE Holdings | 1,282,200 |
| ARKF | TCEHY | Tencent | 629,884 |
| ARKF | PDD | Pinduoduo | 116,153 |
| ARKF | BABA | Alibaba | 99,797 |
| ARKG | NVS | Novartis | 60,066 |
| ARKG | ABBV | AbbVie | 376 |
| ARKG | CDNA | CareDx | 6,763 |
| ARKG | RHHBY | Roche | 148,719 |
| ARKG | PSTI | Pluristem Therapeutics | 3,600 |
| ARKG | PSTG | Pure Storage | 786,175 |
| ARKK | TWST | Twist Bioscience | 55,880 |
| ARKK | TXG | 10X Genomics | 33,437 |
| ARKK | BEKE | KE Holdings | 100,000 |
| ARKQ | RAVN | Raven Industries | 82 |
| ARKQ | BYDDY | BYD | 13,761 |
| ARKQ | BIDU | Baidu | 57,815 |
| ARKW | JD | JD.com | 651,175 |
| ARKW | BEKE | KE Holdings | 3,200 |
| ARKW | BZ | Kanzhun | 24,732 |
| ARKW | OPEN | Opendoor Technologies | 200 |
| ARKW | NTDOY | Nintendo | 84,139 |
| ARKX | BABA | Alibaba | 7,970 |
| ARKX | JD | JD.com | 750 |
| ARKX | RAVN | Raven Industries | 1,800 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and non-voting shareholder of 24/7 Wall St.
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.
