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 |
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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.
