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.
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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 writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
