Cathie Wood’s ARK Invest Sells Nearly $20 Million Worth of Shopify
A couple of Cathie Wood's ARK Invest funds sold nearly $20 million worth of Shopify shares on September 3.
A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood sold over 12,000 shares of Shopify Inc. (NYSE: SHOP | SHOP Price Prediction) shares on Friday, as the price of these ETFs were slightly positive in Friday’s session. The funds are up significantly in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 7,212 shares, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 5,610 shares. At Friday’s closing prices, this would have valued these sales at roughly $19.9 million. This is only a small fraction of the total holdings. Both funds are up more than 40% in the past 52 weeks.
Here are all the sales across ARK Invest funds on Friday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | 6060HK | ZHONGAN ONLINE P&C INSURANCE | 740,300 |
| ARKF | HDB | HDFC BANK | 88,570 |
| ARKF | BABA | ALIBABA | 20 |
| ARKF | 9923HK | YEAHKA | 284,000 |
| ARKG | MCRB | SERES THERAPEUTICS | 19,400 |
| ARKG | CLLS | CELLECTIS | 4,834 |
| ARKG | PSTI | PLURISTEM THERAPEUTICS | 21,208 |
| ARKG | RHHBY | ROCHE | 225,794 |
| ARKK | MCRB | SERES THERAPEUTICS | 11,856 |
| ARKK | NTDOY | NINTENDO | 128,754 |
| ARKK | DOCU | DOCUSIGN | 36,909 |
| ARKK | SHOP | SHOPIFY | 7,212 |
| ARKK | SQ | SQUARE | 46,333 |
| ARKQ | TRMB | TRIMBLE | 18,810 |
| ARKW | NTDOY | NINTENDO | 1,039 |
| ARKW | SHOP | SHOPIFY | 5,610 |
| ARKW | SQ | SQUARE | 21,684 |
| ARKX | BABA | ALIBABA | 18 |
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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., owner of 247wallst.com.
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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.
