Friday saw a reversal in the broad markets after a week of declines but despite this one day of gains the S&P 500 posted its first weekly decline in three weeks. ARK funds had a fairly strong performance on Friday as well. ARKW performed the best out of the group, with the exchange-traded fund 2.1%, while ARKX did the worst, up 0.9%. The gains from last year are slowly sliding away, but Cathie Wood may have something up her sleeve as she is constantly reshuffling her ETFs to stand up to market headwinds.
ARK Invest has been the talk of Wall Street over the past couple of years, outperforming the market and solidifying its place among the big players in the investments world. Wood is the founder and head of this investment house, and many have compared her rising star to the likes of Warren Buffett.
Many traders are looking to mirror the plays of famous investors and huge brokerage firms to capitalize on the gains that the big dogs are making. Lucky for us, ARK Invest releases a list of its trades at the end of each trading day.
While some companies would require a subscription service or monetary fee to see what makes ARK Invest tick, here at 24/7 Wall St. we would rather give you the data for free. Here is a quick look at some of the major sells that ARK Invest executed on August 20, 2021. Also check out all the ARK Invest buys that took place today.
The ARK Fintech Innovation ETF (NYSEARCA: ARKF) deals mainly with up-and-coming fintech stocks, as the name suggests. Some of its biggest holdings include Square, Zillow, Pinterest, PayPal and Alibaba. Net assets for the fund are currently $4.0 billion. Here are some notable trades in this fund: Sell 1,951,500 shares of Ping Anhealthcare.
ARK Genomic Revolution ETF (NYSEARCA: ARKG) looks at companies across multiple industries, but the general focus is on health care and companies that are changing the game technologically in this field. The biggest holdings include the likes of Pacific Biosciences, Teladoc Health, CRISPR and Fate Therapeutics. Net assets for the fund are currently $9.7 billion. Here are some notable trades in this fund: Sell 4,301 shares of Pluristem, Sell 73,873 shares of CareDX, & Sell 189,500 shares of Roche.
ARK Innovation ETF (NYSEARCA: ARKK) has a particular focus on disruptive innovation across multiple industries, but the focus is primarily tech. Some of the biggest names are in this fund, including Tesla, Roku, Square, Zillow and Spotify. Net assets for this fund are currently $25.5 billion. Here are some notable trades in this fund: Sell 17,225 shares of Proto Labs, Sell 43,266 shares of Square, & Sell 66,115 shares of Sea.
ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) is focused, unsurprisingly, on companies that are in the field of autonomous technology and robotics, specifically ones that are disruptively innovating. Big names in this fund include Tesla, Alphabet, JD.com, Baidu and Iridium. Net assets for this fund are currently $3.1 billion. Here are a few of trades of note in this fund: Sell 91,224 shares of Exone & Sell 84,975 shares of Baidu.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) is focused on companies that are disruptively innovating within the theme of the next generation of the internet. Some names in this fund are similar to the others, including Tesla, Square, Grayscale Bitcoin Trust, Facebook and Snap. Net assets for this fund are currently $6.4 billion. Here are a couple of notable trades in this fund: Sell 5,185 shares of MercadoLibre & Sell 36,059 shares of Square.
Ark Space Exploration & Innovation ETF (NYSEARCA: ARKX) is primarily focused on companies developing technology around spaceflight. Big names in this fund include Trimble, Kratos, Nvidia, Amazon and Iridium. Net assets for this fund are currently $63.3 million. Trades worth noting in this fund: NO SALES
Check out all the sells here:
| Fund | Direction | Ticker | Company Name | Shares Traded |
|---|---|---|---|---|
| ARKF | Sell | 1833HK | PING AN HEALTHCARE AND TECHNOLOGY CO LTD | 1,951,500 |
| ARKG | Sell | PSTI | PLURISTEM THERAPEUTICS INC | 4,301 |
| ARKG | Sell | CDNA | CAREDX INC | 73,873 |
| ARKG | Sell | RHHBY | ROCHE HOLDING AG | 189,500 |
| ARKK | Sell | PRLB | PROTO LABS INC | 17,225 |
| ARKK | Sell | SQ | SQUARE INC | 43,266 |
| ARKK | Sell | SE | SEA LTD | 66,115 |
| ARKQ | Sell | XONE | EXONE CO/THE | 91,224 |
| ARKQ | Sell | BIDU | BAIDU INC | 84,975 |
| ARKW | Sell | MELI | MERCADOLIBRE INC | 5,185 |
| ARKW | Sell | SQ | SQUARE INC | 36,059 |
Catherine Wood, the CEO and CIO of ARK Investment Management LLC, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.
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