Cathie Wood’s ARK Invest Sells Over 13,000 Shares of Alibaba
One of Cathie Wood's ARK Invest funds sold over 13,000 shares of Alibaba on August 27.
One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood sold over 13,000 shares of Alibaba Group Holding Ltd. (NYSE: BABA | BABA Price Prediction) shares on Friday, as the price of this ETF was up nearly 2% in Friday’s session. The fund also is up significantly in the past year.
ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 13,593 shares of Alibaba. At Friday’s closing price, this would have valued this sale at roughly $2.2 million. This is only a small fraction of the total holdings. This ETF is up 45% over the past 52 weeks.
Here are all the ARK Invest sales on Friday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | 1833HK | PING AN HEALTHCARE AND TECHNOLOGY | 7,600 |
| ARKF | 6060HK | ZHONGAN ONLINE P&C INSURANCE | 1,717,800 |
| ARKF | 9923HK | YEAHKA | 372,000 |
| ARKG | RHHBY | ROCHE | 202,400 |
| ARKG | PSTI | PLURISTEM THERAPEUTICS | 36,393 |
| ARKG | MCRB | SERES THERAPEUTICS | 707,095 |
| ARKG | CLLS | CELLECTIS | 4,911 |
| ARKG | BMY | BRISTOL-MYERS SQUIBB | 90,757 |
| ARKK | IOVA | IOVANCE BIOTHERAPEUTICS | 444,050 |
| ARKK | MCRB | SERES THERAPEUTICS | 575,000 |
| ARKK | NSTG | NANOSTRING TECHNOLOGIES | 66,400 |
| ARKK | NTDOY | NINTENDO | 109,246 |
| ARKQ | BABA | ALIBABA | 13,593 |
| ARKW | LC | LENDINGCLUB | 102,186 |
| ARKW | OKTA | OKTA | 13,824 |
[nativounit]
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
[recirclink id=943368][wallst_email_signup]
Contact [email protected] for any questions or corrections.
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.
