Cathie Wood’s ARK Invest Sells Over 150,000 Shares of Square
A couple of Cathie Wood's ARK Invest exchange-traded funds sold over 150,000 shares of Square on August 24.
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A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Tuesday. These funds parted with over 150,000 shares of Square Inc. (NASDAQ: SQ), as their share prices gained over 1% in Tuesday’s session. Note that they are up significantly in the past year.
ARK Fintech Innovation ETF (NYSEARCA: ARKF) sold 27,430 shares of Square and ARK Innovation ETF (NYSEARCA: ARKK) parted with 122,685 shares. At Tuesday’s closing prices, this would have valued these sales at roughly $40.6 million. Even though this is a small fraction of the total holdings, every little bit counts. These funds are up more than 36% in the past year.
Check out all of ARK Invest’s sales for Tuesday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | 3690HK | MEITUAN | 6,693.00 |
| ARKF | SQ | SQUARE | 27,430.00 |
| ARKF | 9923HK | YEAHKA | 256,800.00 |
| ARKF | 6060HK | ZHONGAN ONLINE P&C INSURANCE | 899,100.00 |
| ARKG | SEER | SEER | 82,789.00 |
| ARKG | RHHBY | ROCHE | 226,200.00 |
| ARKG | BMY | BRISTOL-MYERS SQUIBB | 250,021.00 |
| ARKG | PSTI | PLURISTEM THERAPEUTICS | 48,386.00 |
| ARKK | NTDOY | NINTENDO | 84,151.00 |
| ARKK | MCRB | SERES THERAPEUTICS | 45,359.00 |
| ARKK | SHOP | SHOPIFY | 21,030.00 |
| ARKK | SQ | SQUARE | 122,685.00 |
| ARKQ | BABA | ALIBABA GROUP | 67,580.00 |
| ARKQ | XONE | EXONE | 33,272.00 |
| ARKW | SE | SEA | 35,845.00 |
| ARKW | LC | LENDINGCLUB | 194,194.00 |
| ARKX | 3690HK | MEITUAN | 202,463.00 |
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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.
