Cathie Wood’s ARK Invest Sells Over $14.5 Million Worth of Shopify

By Chris Lange Published Aug 18, 8:45AM EDT

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Cathie Wood’s ARK Invest Sells Over $14.5 Million Worth of Shopify — © opengridscheduler / Flickr

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

[nativounit]
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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About the Author Chris Lange →

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.

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