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.
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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 |
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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.
