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.
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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 |
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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.
