Investing
Cathie Wood's ARK Invest Sells Nearly 200,000 Shares of Snap
August 4, 2021 8:25 am
One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold nearly 200,000 shares of Snap Inc. (NYSE: SNAP) on Tuesday, as the share price of this fund traded down 0.6% in the day’s session. The ETF’s share price has greatly improved over the past year.
ARK Fintech Innovation ETF (NYSEARCA: ARKF) parted with 198,442 shares of Snap. At Tuesday’s closing price, this would have valued this sale at roughly $14.6 million. This is only a small fraction of the total holdings. This fund is up 38% over the past 52 weeks.
Here is a quick look at all the sales that took place across the ARK ETFs:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | SCHW | Charles Schwab | 95 |
| ARKF | SNAP | Snap | 198,442 |
| ARKF | TCEHY | Tencent | 127,693 |
| ARKG | MCRB | Seres Therapeutics | 195,680 |
| ARKG | CLLS | Cellectis | 5,518 |
| ARKG | SEER | Seer | 14,000 |
| ARKG | RHHBY | Roche | 94,417 |
| ARKG | REGN | Regeneron Pharmaceuticals | 22,000 |
| ARKG | PSTI | Pluristem Therapeutics | 1,500 |
| ARKG | NVS | Novartis | 143,100 |
| ARKK | NTDOY | Nintendo | 69,100 |
| ARKQ | BYDDY | BYD | 38,038 |
| ARKQ | TCEHY | Tencent | 1,486 |
| ARKQ | PCAR | Paccar | 840 |
| ARKQ | JD | JD.Com | 152,401 |
| ARKQ | BZ | Kanzhun | 94 |
| ARKX | RAVN | Raven Industries | 25 |
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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