Cathie Wood’s ARK Invest Dumps Nearly $39 Million Worth of Netflix Stock
One of Cathie Wood's ARK Invest funds sold over 75,000 shares of Netflix on August 10.
One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Tuesday. This fund sold over 75,000 shares of Netflix Inc. (NASDAQ: NFLX | NFLX Price Prediction) shares, as the price of this fund was down over 1% on the day. It is still up significantly from this time last year.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 75,109 shares of Netflix. At Tuesday’s closing price, this would have valued this purchase at roughly $38.7 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 55% in the past year.
Here is a quick look at all the sales made by ARK ETFs:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | 4477JP | BASE INC | 569,300 |
| ARKG | SEER | SEER INC | 121,042 |
| ARKG | TAK | TAKEDA PHARMACEUTICAL CO LTD | 116,467 |
| ARKG | RHHBY | ROCHE HOLDING AG | 394,655 |
| ARKG | REGN | REGENERON PHARMACEUTICALS INC | 8,271 |
| ARKG | PSTI | PLURISTEM THERAPEUTICS INC | 7,402 |
| ARKG | PSTG | PURE STORAGE INC | 136,940 |
| ARKG | NVS | NOVARTIS AG | 53,188 |
| ARKG | CLLS | CELLECTIS SA | 600 |
| ARKG | BMY | BRISTOL-MYERS SQUIBB CO | 72,802 |
| ARKK | TXG | 10X GENOMICS INC | 26,272 |
| ARKK | SQ | SQUARE INC | 66,982 |
| ARKK | SHOP | SHOPIFY INC | 12,339 |
| ARKK | SE | SEA LTD | 102,270 |
| ARKK | NTDOY | NINTENDO CO LTD | 139,500 |
| ARKK | MCRB | SERES THERAPEUTICS INC | 100 |
| ARKK | DOCU | DOCUSIGN INC | 62,744 |
| ARKQ | NVDA | NVIDIA CORP | 35,064 |
| ARKW | NFLX | NETFLIX INC | 75,109 |
| ARKX | BABA | ALIBABA GROUP HOLDING LTD | 7,684 |
| ARKX | NVDA | NVIDIA CORP | 7,578 |
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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