Cathie Wood’s ARK Invest Sells Over $14.5 Million Worth of Shopify
A couple of Cathie Wood's ARK Invest funds sold over $14.5 million worth of Shopify on August 17.
A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood sold nearly 10,000 shares of Shopify Inc. (NYSE: SHOP | SHOP Price Prediction) shares on Tuesday, as the price of these ETFs were down around 1% in Tuesday’s session. The funds are still up significantly in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 2,331 shares, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 7,462 shares. At Tuesday’s closing price, this would have valued these sales at roughly $14.5 million. This is only a small fraction of the total holdings. These funds are up 34% or more in past 52 weeks.
Here are all the sales across ARK Invest funds on Tuesday:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | 1833HK | PING AN HEALTHCARE AND TECHNOLOGY | 512,200 |
| ARKG | SRPT | SAREPTA THERAPEUTICS INC | 33,751 |
| ARKG | RHHBY | ROCHE HOLDING AG | 100,262 |
| ARKG | REGN | REGENERON PHARMACEUTICALS INC | 25,962 |
| ARKG | NVS | NOVARTIS AG | 30,729 |
| ARKK | TXG | 10X GENOMICS INC | 65,754 |
| ARKK | SHOP | SHOPIFY INC | 2,331 |
| ARKK | DOCU | DOCUSIGN INC | 23,849 |
| ARKK | SE | SEA LTD | 71,699 |
| ARKK | PRLB | PROTO LABS INC | 57,698 |
| ARKK | NTDOY | NINTENDO CO LTD | 71,800 |
| ARKK | NSTG | NANOSTRING TECHNOLOGIES INC | 6,106 |
| ARKK | MCRB | SERES THERAPEUTICS INC | 29,880 |
| ARKK | IOVA | IOVANCE BIOTHERAPEUTICS INC | 112,820 |
| ARKQ | XONE | EXONE CO/THE | 35,000 |
| ARKQ | BYDDY | BYD CO LTD | 15,664 |
| ARKQ | BIDU | BAIDU INC | 57,006 |
| ARKQ | ANSS | ANSYS INC | 855 |
| ARKW | SE | SEA LTD | 34,847 |
| ARKW | SHOP | SHOPIFY INC | 7,462 |
| ARKX | NVDA | NVIDIA CORP | 1,482 |
| ARKX | TRMB | TRIMBLE INC | 16,550 |
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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 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.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
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