One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood sold nearly 3,000 shares of Alphabet Inc. (NASDAQ: GOOG) on Thursday, as the share price of this fund traded up around 1% 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 2,892 shares of Alphabet. At Thursday’s closing prices, this would have valued these sales at roughly $8.3 million altogether. This is only a small fraction of the total holdings. The fund is up about 39% over the past year.
Here is a quick look at all the other sales that took place across all ARK ETFs:
|ARKF||6060HK||ZHONGAN ONLINE P&C INSURANCE||1,036,400|
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.