A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Thursday. Specifically, these funds sold over 65,000 shares of Iridium Communications Inc. (NASDAQ: IRDM) altogether, as the prices of these funds were relatively flat on Thursday. Note though that they are up a fair amount in the past year.
ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 49,933 shares and ARK Space Exploration & Innovation ETF (NYSEARCA: ARKW) sold 16,469 shares of Iridium. At Thursday’s closing prices, this would have valued the sales at roughly $3.1 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. The robotics ETF is up about 47% in the past year, but the other one is up only 3% since it came public.
Check out all the ARK Invest sales for Thursday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | 6060HK | ZHONGAN ONLINE P&C INSURANCE | 859,400 |
| ARKF | 9923HK | YEAHKA | 359,200 |
| ARKF | HDB | HDFC BANK | 400 |
| ARKG | RHHBY | ROCHE | 32,678 |
| ARKG | PSTI | PLURISTEM THERAPEUTICS | 20,000 |
| ARKG | SRPT | SAREPTA THERAPEUTICS | 475 |
| ARKG | PSTG | PURE STORAGE | 30,601 |
| ARKG | CLLS | CELLECTIS | 12,458 |
| ARKG | NVS | NOVARTIS | 229,072 |
| ARKG | DRNA | DICERNA PHARMACEUTICALS | 38,712 |
| ARKG | CRBU | CARIBOU BIOSCIENCES | 76,909 |
| ARKK | TSLA | TESLA | 29,238 |
| ARKK | NSTG | NANOSTRING TECHNOLOGIES | 9,000 |
| ARKQ | NVDA | NVIDIA CORP | 2,039 |
| ARKQ | IRDM | IRIDIUM COMMUNICATIONS | 49,933 |
| ARKQ | TER | TERADYNE | 57,078 |
| ARKQ | TRMB | TRIMBLE | 59,376 |
| ARKW | LC | LENDINGCLUB | 49,165 |
| ARKW | TSLA | TESLA | 11,702 |
| ARKW | TTD | TRADE DESK | 306,448 |
| ARKX | IRDM | IRIDIUM COMMUNICATIONS | 16,469 |
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.
24/7 Wall St.Sponsored: Want to Retire Early? Start Here
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
