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 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.
