Cathie Wood’s ARK Invest Dumps Nearly $8 Million Worth of Netflix Stock
A couple of Cathie Wood's ARK Invest funds sold over 14,000 shares of Netflix on August 9.
A couple of the ARK Invst exchange-traded funds run by ETF star Cathie Wood made huge sales on Monday. These funds sold over 14,000 shares of Netflix Inc. (NASDAQ: NFLX | NFLX Price Prediction) shares, as the prices of these exchange-traded funds were up around 1% on the day. Note that they are still up over 100% in the past year.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 11,846 shares of Netflix and ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX) sold 2,916 shares. At Monday’s closing prices, this would have valued this purchases at roughly $7.7 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKW is up 54% in the past year, and ARKX is relatively flat year to date.
Here is a quick look at all the sales made by ARK ETFs:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKG | SEER | Seer | 306,616 |
| ARKG | RHHBY | Roche | 154,558 |
| ARKG | PSTI | Pluristem Therapeutics | 19,893 |
| ARKG | PSTG | Pure Storage | 876,040 |
| ARKG | NVS | Novartis | 100,687 |
| ARKG | CLLS | Cellectis | 57,671 |
| ARKK | SE | Sea | 55,345 |
| ARKK | NTDOY | Nintendo | 60,500 |
| ARKK | TXG | 10X Genomics | 9,860 |
| ARKK | MCRB | Sere Therapeutics | 51,484 |
| ARKW | NFLX | Netflix | 11,846 |
| ARKX | NFLX | Netflix | 2,916 |
| ARKX | NVDA | Nvidia | 15,074 |
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.
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