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.
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 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.
