Cathie Wood’s ARK Invest Dumps Another Million Shares of JD.com
A few of Cathie Wood's ARK Invest funds sold nearly 1 million shares of JD.com on July 27.
Some ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Tuesday. Specifically, these funds sold nearly a million shares of JD.com Inc. (NASDAQ: JD | JD Price Prediction) altogether, as the price of these funds were all down over 2% on the day. Note though that these funds are each up a fair amount in the past year.
ARK Fintech Innovation ETF (NYSEARCA: ARKF) sold 259,873 shares of JD.com, while Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 324,068 shares and ARK Next Generation ETF (NYSEARCA: ARKW) sold 405,495 shares. At Tuesday’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 ARKQ are up 46% each in the past year. ARKW is up over 52%.
Check out all of ARK Invest’s sales for Tuesday as well:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | WDAY | WORKDAY | 81,618 |
| ARKF | 1833HK | PING AN HEALTHCARE AND TECHNOLOGY | 2,097,800 |
| ARKF | PDD | PINDUODUO | 182,575 |
| ARKF | JD | JD.COM | 259,873 |
| ARKF | 3690HK | MEITUAN | 1,257,639 |
| ARKG | TAK | TAKEDA PHARMACEUTICAL | 119,671 |
| ARKG | TXG | 10X GENOMICS | 57,031 |
| ARKG | SEER | SEER | 176,617 |
| ARKG | RHHBY | ROCHE HOLDING | 38,100 |
| ARKG | NVS | NOVARTIS | 47,098 |
| ARKG | CLLS | CELLECTIS | 3,150 |
| ARKG | CDNA | CAREDX | 18,950 |
| ARKG | BMY | BRISTOL-MYERS SQUIBB | 124,113 |
| ARKK | TXG | 10X GENOMICS | 42,689 |
| ARKK | TWST | TWIST BIOSCIENCE | 9,600 |
| ARKK | SKLZ | SKILLZ | 537,196 |
| ARKQ | PCAR | PACCAR | 69,400 |
| ARKQ | JD | JD.COM | 324,068 |
| ARKQ | BZ | KANZHUN | 236,700 |
| ARKQ | BYDDY | BYD | 80,951 |
| ARKQ | BIDU | BAIDU | 116,556 |
| ARKW | BZ | KANZHUN | 775,783 |
| ARKW | NFLX | NETFLIX | 21,937 |
| ARKW | TCEHY | TENCENT | 284,600 |
| ARKW | JD | JD.COM | 405,495 |
| ARKW | PDD | PINDUODUO | 726,516 |
| ARKW | NTDOY | NINTENDO | 43,140 |
| ARKX | 2618HK | JD LOGISTICS | 3,133,785 |
| ARKX | TCEHY | TENCENT | 67,800 |
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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.
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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.
