Investing
Cathie Wood's ARK Invest Sells Over $33 Million Worth of LendingClub Stock
Published:
One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Thursday. This fund sold over 1.1 million shares of LendingClub Corp. (NYSE: LC), as the price of this ETF gained about 0.5% on the day. Note that this stock is still up handily in the past year.
It was ARK Next Generation Internet ETF (NYSEARCA: ARKW) that sold 1,177,878 shares of LendingClub. At Thursday’s closing price, this would have valued this sale at $33.0 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up over 44% in the past 12 months.
Check out all of ARK Invest’s Sells for Thursday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | 9923HK | YEAHKA | 356,400 |
| ARKG | CDXS | CODEXIS | 400 |
| ARKG | CRBU | CARIBOU BIOSCIENCES | 80,036 |
| ARKG | NVS | NOVARTIS | 57,455 |
| ARKK | TSLA | TESLA | 41,457 |
| ARKK | NTDOY | NINTENDO | 57,200 |
| ARKK | NSTG | NANOSTRING TECHNOLOGIES | 10,849 |
| ARKQ | NXPI | NXP SEMICONDUCTORS | 32,551 |
| ARKQ | GOOG | ALPHABET | 1,846 |
| ARKW | LC | LENDINGCLUB | 1,177,878 |
| ARKX | IRDM | IRIDIUM COMMUNICATIONS | 59,291 |
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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