Cathie Wood’s ARK Invest Sells Nearly $30 Million Worth of Alphabet
A couple of Cathie Wood's ARK Invest exchange-traded funds sold over 10,000 shares of Alphabet on August 23.
A couple ARK Invest exchange-traded funds run by ETF star Cathie Wood sold over 10,000 shares of Alphabet Inc. (NASDAQ: GOOG | GOOG Price Prediction) on Monday, as the share price of these funds traded up around 2% in the day’s session. The share prices of these funds have greatly improved over the past year.
ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 9,464 shares of Alphabet and ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX) sold 1,036 shares. At Monday’s closing prices, this would have valued these sales at roughly $29.6 million altogether. This is only a small fraction of the total holdings. While the robotics ETF is up 46% over the past 52 weeks, the space exploration ETF is relatively flat on the year.
Here is a quick look at all the other sales that took place across all ARK ETFs:
| FUND | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | RHHBY | ROCHE | 255342 |
| ARKG | SEER | SEER INC | 117358 |
| ARKG | PSTI | PLURISTEM THERAPEUTICS | 12848 |
| ARKK | PRLB | PROTO LABS | 54165 |
| ARKK | NTDOY | NINTENDO | 91000 |
| ARKK | MCRB | SERES THERAPEUTICS | 184949 |
| ARKQ | GOOG | ALPHABET | 9464 |
| ARKQ | TDY | TELEDYNE TECHNOLOGIES | 8605 |
| ARKQ | XONE | EXONE | 104600 |
| ARKW | MELI | MERCADOLIBRE | 7961 |
| ARKX | BABA | ALIBABA GROUP | 16621 |
| ARKX | GOOG | ALPHABET | 1036 |
| ARKX | GRMN | GARMIN | 5238 |
| ARKX | SNPS | SYNOPSYS | 5580 |
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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.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
