Cathie Wood’s ARK Invest Sells Over 280,000 Shares of Twitter
One of Cathie Wood's ARK Invest funds sold over 280,000 shares of Twitter on August 11.
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 280,000 shares of Twitter Inc. (NYSE: TWTR) shares on Wednesday, as the price of this ETF was relatively flat in Wednesday’s session. The fund is still up significantly in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 280,031 shares of Twitter. At Wednesday’s closing price, this would have valued this sale at roughly $18.3 million. This is only a small fraction of the total holdings. The fund is up 51% over the past 52 weeks.
Here are all the sales across ARK Invest funds on Wednesday:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | 4477JP | BASE INC | 576,200 |
| ARKG | TAK | TAKEDA PHARMACEUTICAL CO LTD | 189,804 |
| ARKG | SEER | SEER INC | 7,800 |
| ARKG | REGN | REGENERON PHARMACEUTICALS INC | 13,326 |
| ARKG | PSTI | PLURISTEM THERAPEUTICS INC | 45,155 |
| ARKG | PSTG | PURE STORAGE INC | 131,501 |
| ARKG | NVS | NOVARTIS AG | 86,320 |
| ARKK | TWTR | TWITTER INC | 280,031 |
| ARKK | NTDOY | NINTENDO CO LTD | 88,300 |
| ARKK | MCRB | SERES THERAPEUTICS INC | 187,418 |
| ARKK | DOCU | DOCUSIGN INC | 63,863 |
| ARKQ | BIDU | BAIDU INC | 33,570 |
| ARKW | NFLX | NETFLIX INC | 1,627 |
| ARKX | GRMN | GARMIN LTD | 3,839 |
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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.
