Cathie Wood’s ARK Invest Sells Over 60,000 Shares of Square
One of Cathie Wood's Ark Invest exchange-traded funds sold over 60,000 shares of Square on August 4.
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One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Wednesday. This fund parted with over 60,000 shares of Square Inc. (NASDAQ: SQ), as the price of this ETF gained about 2.6% in Wednesday’s session. Note that this fund is still up significantly in the last year.
Specifically, ARK Innovation ETF (NYSEARCA: ARKK) sold 63,507 shares of Square. At Wednesday’s closing price, this would have valued this sale at roughly $16.9 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 49% in the past year.
Check out all of ARK Invest’s sales for Wednesday as well:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKG | TWST | Twist Bioscience | 71,425 |
| ARKG | SEER | Seer | 91,963 |
| ARKG | RHHBY | Roche | 203,313 |
| ARKG | REGN | Regeneron Pharmaceuticals | 51,706 |
| ARKG | PSTI | Pluristem Therapeutics | 1,100 |
| ARKG | NVS | Novartis | 133,173 |
| ARKG | MCRB | Seres Therapeutics | 392,172 |
| ARKG | CLLS | Cellectis | 23,399 |
| ARKK | NTDOY | Nintendo | 40,654 |
| ARKK | SHOP | Shopify | 3,000 |
| ARKK | SQ | Square | 63,507 |
| ARKK | TXG | 10X Genomics | 65,063 |
| ARKK | DOCU | Docusign | 39,780 |
| ARKQ | JD | JD.Com | 296,997 |
| ARKQ | BYDDY | BYD | 25,287 |
| ARKQ | PCAR | Paccar | 95 |
| ARKQ | TCEHY | Tencent | 150 |
| ARKW | SE | Sea | 19,744 |
| ARKW | TSLA | Tesla | 8,100 |
| ARKW | TTD | Trade Desk | 66,907 |
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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.
